6.

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below.

Bond	Coupon Rate	Price Quote	Maturity	Face Value
1	8.90%	106.9	3 years	$28,000,000
2	7.10	93.5	6 years	30,000,000
3	8.60	105.7	13.5 years	35,000,000
4	9.10	95.5	23 years	50,000,000

Required:

If the corporate tax rate is 35 percent, what is the aftertax cost of the companys debt? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Aftertax cost of debt_____________________

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