Question: projects. Quantitative Problem: 5 years ago, Barton Industnes issued 25 year noncallable, bemannial bonds with a $1,000 face value and 6% coupon, semiannual payment ($30

projects. Quantitative Problem: 5 years ago, Barton Industnes issued 25 year noncallable, bemannial bonds with a $1,000 face value and 6% coupon, semiannual payment ($30 payment every months). The bonds currently sell for $894.87. If the firm's marginal tax rate is 25%, what is the firm's after tax cost of debt? Do not round intermediate calculations. Round your answer to two deontal places

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