Question: Quantitative Problems 5 years ago. Barton Industries issued 25-year cabe, semiannual bonds with a $1,000 face value and a 10% coupon, semiannual payment (550 payment

Quantitative Problems 5 years ago. Barton Industries issued 25-year cabe, semiannual bonds with a $1,000 face value and a 10% coupon, semiannual payment (550 payment every months). The bonds currently sel for $16.87. If the firm's marginal tax rates 25%, what is the firm's after-tax cost of debt? Do not round intermediate calculations. Round your answer to two decimal places

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