Question: Can you Please help me solve the attached question! Problem 9-6 (similar to) Question Help (Cost of debt) The Zephyr Corporation is contemplating a new

Can you Please help me solve the attached question!

Problem 9-6 (similar to) Question Help (Cost of debt) The Zephyr Corporation is contemplating a new investment to be financed 33 percent from debt. The firm could sell new $1,000 par value bonds at a net price of $955. The coupon interest rate is 15 percent, and the bonds would mature in 12 years. If the company is in a 35 percent tax bracket, what is the after-tax cost of capital to Zephyr for bonds? The after-tax cost of capital to Zephyr for bonds is %. (Round to two decimal places.)

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