Ying Import has several bond issues outstanding, each making semiannual interest payments The bonds are listed in the following table Bond Coupon Rate Price Quote Maturity Face Value 1 5 6 105 36 6 years $ 54,000,000 2 7 2 114 12 9 years 49,000,000 3 7 1 112 67 16 5 years 69,000,000 4 6 4 101 91 26 years 76,000,000 If the corporate tax rate is 24 percent, what is the aftertax cost of the companys debt (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e g , 32 16 )

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Question: Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond Coupon Rate Price Quote

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table.

Bond	Coupon Rate			Price Quote		Maturity		Face Value
1		5.6	%		105.36	6	years	$	54,000,000
2		7.2			114.12	9	years		49,000,000
3		7.1			112.67	16.5	years		69,000,000
4		6.4			101.91	26	years		76,000,000

If the corporate tax rate is 24 percent, what is the aftertax cost of the companys debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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