Ying Import has several bond issues outstanding, each making semiannual interest payments The bonds are listed in the following table ond Coupon Rate Price Quote Maturity Face Value 1 7 0 106 86 5 years $ 50,000,000 2 8 5 115 52 8 years 45,000,000 3 8 2 114 07 15 5 years 65,000,000 4 7 8 103 31 25 years 60,000,000 If the corporate tax rate is 35 percent, what is the aftertax cost of Yings debt (Do not round intermediate calculations and round your final answer 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. ond Coupon Rate Price Quote

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

ond	Coupon Rate		Price Quote		Maturity		Face Value
1		7.0		106.86	5	years	$	50,000,000
2		8.5		115.52	8	years		45,000,000
3		8.2		114.07	15.5	years		65,000,000
4		7.8		103.31	25	years		60,000,000

If the corporate tax rate is 35 percent, what is the aftertax cost of Yings debt? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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