Use the information below about AZ product Inc. to answer the question 21-24 -375.000 shares of common stock outstanding at a market price of 530 a share. Next year's annual dividend is expected to be 51.50 a share and the dividend growth rate is 2 percent The company also has 50,000 bonds outstanding that mature in 10 years. The bonds make semiannual payments, coupon rate is 7.6%, and currently selling at 98.6 percent of face value (face value is 51,000 per bond). -The company's tax rate is 40 percent. What is the company's before tax cost of debt? OA 7:46 B.7.8% OG 5.20 0.9.69