Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate Price Quote Maturity Face Value $23,000,000 1 8.90% 106.4 3 years 6 years 2 6.90 94.0 35,000,000 3 8.60 105.2 13.5 years 40,000,000 4 9.10 95.0 23 years 55,000,000 If the corporate tax rate is 24 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Aftertax cost of debt 5.45 %