23. Jiminy's Cricket Farm issued a 30-year, 9 percent annual coupon bond 8 years ago. The bond makes coupon payments semiannually. The par value of the bond is $1,000. The bond currently sells for 105 percent of its face value. The company's tax rate is 35 percent. a. What is the pretax cost of debt? b. What is the after-tax cost of debt? c. Which is more relevant, the pretax or the after-tax cost of debt? Why