Suppose that Coca$-$Cola is considering a new captal budgeting project. The project will use debt with mathrities of $15$ years. To detormine the cost of dete for the profect, an analyst at Coca$-$Cola locks at currently trading Coca$-$Cola debt. The analys is looking at a Coke bond that trades today for $5988\mathrm{.}00.$ This bond has an annual coupon rate of $7\mathrm{.}00\%,$ lace value of $$1,000,$ and wil mature in $15$ years. The marginal tax rate for Coca$-$Cola is $31\mathrm{.}00\%.$

What is the after$-$tax cost of debt for Coca$-$Cola?