Your firm has asked you to estimate the cost of debt on an after-tax basis for a component in the weighted average cost of capital (WACC). The firm currently has some 20-year semiannual bonds outstanding. The current price of those bonds is $985 (quote of 98.5). Your investigation shows that these bonds current have a contractual quoted coupon of 9.00%. The form is operating in a tax environment of 25% that you do not anticipate to change prior to the issue of the new debt What is the after-tax cost of debt? What would the after-tax cost be if the firm paid $10 a bond to get new debt issued? Do not round interim steps in your calculations, but round final percentage answers to two decimal places (e.g.. XX.XX%). 7.40%, 7.49% 7.22%, 7.31% 6.87%, 6,96% 6.55%, 6.63% 6.36%,6 43%