Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table b Price Quote Bond 1 2 3 4 Coupon Rate 8.70% 6.90 8.40 8.90 106.7 93.7 105.5 95.3 Maturity 7 years 10 years 17.5 years Face Value $ 26,000,000 32,000,000 37,000,000 27 years 52,000,000 If the corporate tax rate is 22 percent, what is the aftertax cost of the company's debt? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Aftertax cost of debt %

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