1 Problems. hent: HW 5: EOC 11 Problems IS Problem 11-09 (Bond Yield and After-Tax Cost of Debt) eBook % Save Assignment Score: 20.00% Submit Assignment for Grading Question 4 of 5 Check My Work (2 remaining) Bond Yield and After-Tax Cost of Debt A company's 4% coupon rate, semiannual payment, $1,000 par value bond that matures in 20 years sells at a price of $485.23. The company's federal-plus-state tax rate is 25%. What is the firm's after-tax component cost of debt for purposes of calculating the WACC? (Hint: Base your answer on the nominal annual rate.) Round your answer to one decimal place. X