Question: Problem 1 4 - 2 2 Calculating the Cost of Debt [ LO 2 ] Ying Import has several bond issues outstanding, each making semiannual

Problem 14-22 Calculating the Cost of Debt [LO2]
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table.
Bond Coupon Rate Price Quote Maturity Face Value
15.6%105.366 years $ 54,000,000
27.2114.129 years 49,000,000
37.1112.6716.5 years 69,000,000
46.4101.9126 years 76,000,000
If the corporate tax rate is 24 percent, what is the aftertax cost of the companys debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)

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