17-What is the? after-tax cost of the following preferred? equity? The par value of the preferred share is $100 and the annual dividend is 7.5?%. The preferred shares have no stated maturity. The current market price of the share is ?$60. Assume that the corporate tax rate is 30?%.

15- Tiny Tots has debt? outstanding, currently selling for $820per bond. It matures in12?years, pays interest? annually, and has a7?%coupon rate. Par is ?$1,000?, and the?firm's tax rate is 20?%. What is the? after-tax cost of? debt?