Note: It is recommended that you save your response as you complete each ques Question 7 (1 point) Use the information below to determine before-tax cost of debt financing of bond S. Before Tax Cost Floatation Costs of Debt Financing Seling Number of Coupon Rate, Par Value Floatation C Par Value Years (paid Price of the Bond (P) Maturity annually) 6.55% $2.39 $1,000 29 Bond S $1,050 Round the answer to two decimal places in percentage form. Write the percentage sign in the units You should use Excel or financial caleulator box