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Use the information below to determine before-tax cost of debt financing of bond S. The Selling Price of the Bond (P) Number of Years to

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Use the information below to determine before-tax cost of debt financing of bond S. The Selling Price of the Bond (P) Number of Years to Maturity (n) Annual Coupon Rate, (paid annually) Par Value Before-Tax Cost Floatation Costs of Debt Financing (%) Bonds $1,065 17 16.48% ? $1,000 $4.25 Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) You should use Excel or financial calculator

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