Dixon Corp has 6% coupon bonds outstanding that have a remaining maturity of 12 years. These bonds pay interest semiannually, and are currently selling for $1080 per $1000 face value. If Dixon issues...

Dixon Corp has 6% coupon bonds outstanding that have a remaining maturity of 12 years.  These bonds pay interest semiannually, and are currently selling for $1080 per $1000 face value.  If Dixon issues new debt, it plans to sell bonds with a maturity of 12 years.  Estimate Dixon's marginalpre-tax cost of debt.  Dixon faces a marginal tax rate of 30%.