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
16.9%106.865 years $ 49,000,000
28.4115.428 years 44,000,000
38.1113.9715.5 years 64,000,000
47.7103.2125 years 71,000,000
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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