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 7.0% 8.5 8.2 7.8 106.86 115.52 14.07 103.31 5 years 8 years 15.5 years 25 years Face Value $50,000,000 45,000,000 65,000,000 60,000,000 2 4 If the corporate tax rate is 35 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of debt