Avicorp has a $ $12\mathrm{.}7$ million debt issue$$ outstanding, with a $6\mathrm{.}2\%$ coupon rate. The debt has$$ semi$-$annual coupons, the next coupon is due in six$$ months, and the debt matures in five years. It is currently priced at $94\%$ of par value. a$.$ What is$$ Avicorp's pre$-$tax cost of$$ debt? Note: Compute the effective annual return. $($formula is $$940=31\mathrm{.}00/(1+$YTM$)+31\mathrm{.}00/(1+$YTM$)^2...+31\mathrm{.}00/(1+$YTM$)^9+31\mathrm{.}00+1000/(1+$YTM$)^10)$