Mojo Mining has a bond outstanding that sells for $2,120 and matures in 18 years. The bond pays semiannual coupons and has
a coupon rate of 6.66 percent. The par value is $2,000. If the company's tax rate is 25 percent, what is the aftertax cost of debt?
4.95%
6.24%
O 5.82%
O 4.32%
O 4.68%
4