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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 8.70% 105.2 7 years $22,000,000
2 7.00 95.2 10 years 42,000,000
3 8.40 104.0 17.5 years 47,000,000
4 8.90 105.9 27 years 62,000,000
Required:

If the corporate tax rate is 38 percent, what is the aftertax cost of the company

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