You are analyzing the after$-$tax cost of debt for a firm. You know that the firm's $12-$year maturity, $18\mathrm{.}00$ percent semiannual coupon bonds are selling at a price of $$1,552.$ Assuming that these bonds are the only debt outstanding for the firm.

What is the after$-$tax cost of debt for this firm if it has a marginal tax rate of $34$ percent? $($Round final answer to $2$ decimal places, e$.$g$.$

$15250$