Use the information below to determine before-tax cost of debt financing of bond S. The Selling Number of Price of the Years to Bond (P) Maturity (n) Annual Coupon Rate, (paid annually) Before-Tax Cost Par Value Floatation Costs of Debt Financing (%) Bonds $1,089 13.99% $1,000 $2.23 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. Your Answer: Answer units