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5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and a 6% coupon, se...

5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and a 6% coupon, semiannual payment ($30 payment every 6 months). The bonds currently sell for $847.87. If the firm's marginal tax rate is 25%, what is the firm's after-tax cost of debt? Do not round intermediate calculations. Round your answer to two decimal places.

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$1,000 6.00% $847.87 20 2 (semi-annual) 1 2 Par Value 3 Coupon Rate 4 Current Value 5 Years to Maturity 6 Frequency 7 8 YTM (1000 0.06 847.87 20 (semi-annual) 2 Par Value 3 Coupon Rate 4. Current Value 5 Years to Maturity 6 Frequency 7 8 YTM (Pretax

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