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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 6.6 % 106.56 6 years $46,000,000

2 8.1 115.12 9 years 41,000,000

3 7.8 113.67 16.5years 61,000,000

4 7.4 102.91 26years 68,000,000

If the corporate tax rate is 21 percent, what is the after-tax cost of the companys debt?

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