Filer Manufacturing has 4,434,191 shares of common stock outstanding. The current share price is $60.94, and the book va

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Filer Manufacturing has 4,434,191 shares of common stockoutstanding. The current share price is $60.94, and the book valueper share is $7.71. Filer Manufacturing also has two bond issuesoutstanding. The first bond issue has a face value of $76,905,508,has a 0.05 coupon, matures in 10 years and sells for 83 percent ofpar. The second issue has a face value of $70,106,881, has a 0.06coupon, matures in 20 years, and sells for 92 percent of par.
The most recent dividend was $0.6 and the dividend growth rateis 0.03. Assume that the overall cost of debt is the weightedaverage of that implied by the two outstanding debt issues. Bothbonds make semiannual payments. The tax rate is 0.31.
What is Filer's aftertax cost of debt? Enter the answer with 4decimals (e.g. 0.2345)