Current Attempt in Progress You know that the after-tax cost of debt capital for Sandhill is 18.2 percent. Assume that the firm has only one issue of five-year bonds outstanding. The bonds make semiannual coupon payments and the marginal tax rate is 30 percent Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) (21) Your answer is correct. Calculate the pre-tax cost of debt capital Pre-tax cost of debt capital 26 % e Textbook and Media Attempts: 2 of 3 used Using multiple attempts will impact your score 50% score reduction after attempt 2 (a2) What is the current price of the bonds if the coupon rate on those bonds is 26 percent? Current price of the bonds S