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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond Coupon Rate Price Quote

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table.

Bond Coupon Rate Price Quote Maturity Face Value
1 6.9 % 106.76 5 years $ 49,000,000
2 8.4 115.42 8 years 44,000,000
3 8.1 113.97 15.5 years 64,000,000
4 7.7 103.21 25 years 59,000,000

If the corporate tax rate is 34 percent, what is the aftertax cost of the companys debt? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Cost of debt %

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