You are given the following information for Home$-$A$-$Loans Inc. to use for the next $8$ questions. Use the information available to make your best estimates to answer each of the questions $(3/8).$

$2022$ Condensed Balance Sheet for HAL Inc. $($in thousands of dollars$)$

Cash $ $2,420$ Accounts Payable $ $1,325$

Accounts Receivable $ $3,210$ Accruals $ $1,430$

Inventory $ $7,540$ Short$-$term Debt $ $4,200$

Current Assets $ $13,170$ Long$-$term Debt $ $9,000$

PP&E $ $12,765$ Common stock $(210,000)$ shares $ $8,500$

Other Long$-$term Assets $ $800$ Preferred stock $(28,000)$ shares $ $1,500$

Long$-$term Assets $ $13,565$ Retained Earnings $ $780$

Total Common Equity $ $10,780$

Total Assets $ $26,735$ Total Liabilities & Equity $ $26,735$

Debt: The company's most recent debt issue are semiannual $6\mathrm{.}2$ percent coupon bonds, with $$1,000$ par value and $21$ years to maturity, currently selling for $$1,100.$

Common stock: Shares currently trade at $$70$ per share, and the company has a beta of $1\mathrm{.}20.$

Preferred stock: This class of stock has an annual dividend of $$4\mathrm{.}50$ per share and currently sells for $$52$ per share.

Tax rate: The company has an effective tax rate of $25$ percent.

Market conditions: The expected market risk premium is $11\mathrm{.}2$ percent and the $10-$year T$-$bill has a $1\mathrm{.}5$ percent yield.

$($Enter answer as percentage to at least three decimals, i$.$e$.,"10\mathrm{.}254"$ for $10\mathrm{.}254\%$ or $0\mathrm{.}10254)$

What is the company's pre$-$tax cost of debt?