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

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate Price Quote Maturity Face Value 1 8.90 % 105.4 3 years $ 24,000,000 2 6.60 95.0 6 years 44,000,000 3 8.60 104.2 13.5 years 49,000,000 4 9.10 106.1 23 years 64,000,000 If the corporate tax rate is 35 percent, what is the aftertax cost of the companys debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

I've been able to calculate weights and am having difficulty finding # of periods needed to fill the rate function in excel:

Weight

1: 25296000--.135958

2: 41800000-- .224661

3: 51058000-- .27442

4: 67904000-- .364961

Total Market Value: 186058000

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