Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Coupon Bond Rate Price Quote Maturity Face Value 1 5.0% 104.76 6 years 60,000,000 234 6.6 113.52 9 years 55,000,000 6.5 112.07 16.5 years 75,000,000 5.8 101.31 26 years 82,000,000 If the corporate tax rate is 25 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Cost of debt 1.65 %