Westbrook's Painting Co. plans to issue a $1,000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannually. The company's marginal tax rate is 40.00%, but Congress is considering a change in the corporate tax rate to 35.00%. By how much would the component cost of debt used to calculate the WACC change if the new tax rate was adopted?

	a.	0.53%
	b.	0.35%
	c.	0.40%
	d.	0.27%