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			6.2	%			106.16			6	years		$	42,000,000
2			7.7				114.72			9	years			37,000,000
3			7.4				113.27			16.5	years			57,000,000
4			7.0				102.51			26	years			64,000,000

If the corporate tax rate is 22 percent, what is the aftertax cost of the companys debt?

not sure if I'm correct but please confirm

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond Coupon Bond Rate " 6.2% 7.7 7.4 7.0 Price Quote Maturity 106.16 6 years 114.72 9 years 113.27 16.5 years 102.51 26 years Face Value $42,000,000 37,000,000 57,000,000 64,000,000 - If the corporate tax rate is 22 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of debt 4.68 %