Question: Example 2: Again, Kellogg's wants to raise an additional $3,000,000 as part of the capital that would be needed to expand their operations into the

Example 2: Again, Kellogg's wants to raise an additional $3,000,000 as part of the capital that would be needed to expand their operations into the Morning Foods sector. Five years ago, Kellogg's issued 20-year bonds with a 9\% coupon, paid semi-annually, which are currently trading for $1,133. If there is a marginal tax rate of 20%, what is the after-tax cost of debt for Kellogg's

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