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

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

ond Coupon Rate Price Quote Maturity Face Value
1 7.0 106.86 5 years $ 50,000,000
2 8.5 115.52 8 years 45,000,000
3 8.2 114.07 15.5 years 65,000,000
4 7.8 103.31 25 years 60,000,000

If the corporate tax rate is 35 percent, what is the aftertax cost of Yings debt? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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