No Brand has two bond issues outstanding. The frst issue has a coupon rate of 4%, a par value of $1,000 per bond, matures in 5 years, has a total tace value of $4 million, and is quoted at 106% of face value. The second issue has a coupon rate of 6%, a par value of $2,000 per bond, matures in 24 years, has a total foce value of $8 milion, and is quoted at 94% of face value. Both bonds pay interest semiannually. The company's tax rate is 25%. What is the firmis weighted average aftertax cost of debt? 3.02% 3.85% 4.36% 2.87% No Brand has two bond issues outstanding. The frst issue has a coupon rate of 4%, a par value of $1,000 per bond, matures in 5 years, has a total tace value of $4 million, and is quoted at 106% of face value. The second issue has a coupon rate of 6%, a par value of $2,000 per bond, matures in 24 years, has a total foce value of $8 milion, and is quoted at 94% of face value. Both bonds pay interest semiannually. The company's tax rate is 25%. What is the firmis weighted average aftertax cost of debt? 3.02% 3.85% 4.36% 2.87%