Ancorp has a $14.1 million debt is currently priced at 93% of par value. a. What is Avicorp's pre-tax cost of debt? Note: Compute the effective annual retun. issue outstanding, with a 5.9% coupon rate. The debt has semi-annual coupons, the next coupon is due in infive years. b.lfAvioorp faces a 40% tax rate, what is its after-tax cost of debt? Note: Assume that the firm will always be able to utilize its full interest tax shield &The cost of debt is%per year. (Round to four decinal places.)