Item$52\mathrm{.}22$ points Item Skipped eBook Print References Check my work Check My Work button is now enabled Item $5$ Problem $1-44($LO $1-3,$ LO $1-4)($Algo$)$ Hugh has the choice between investing in a City of Heflin bond at $6\mathrm{.}30$ percent or investing in a Surething Incorporated bond at $10\mathrm{.}25$ percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a $40$ percent marginal tax rate, what interest rate does Surething Incorporated need to offer to make Hugh indifferent between investing in the two bonds? $($Round your answer to $2$ decimal places.$)$

Beginning Inventory Costs:

Conversion: $384,750$

Direct Materials: $1,053,000$

Inventory Costs Added during this month

Conversion Added: $4,887,000$

Direct Materials Added: $6,642,000$

Work in Process Inventory Percent Complete

Work in Process Inventory Costs