Avicomp has a $11.1 milion debt issue outstanding with a 6.1% coupon rate. The debt has semi-annual coupons, the next coupon is due in six months, and the debt matures in five years. It is currently priced at 96% of par value What is Ancorp's pre-tax cost of debt? Note: Compute the effective annual return b. Avicorps faces a 40% tax rate what is its after-tax cost of debt? NoteAssume that the firm will always be able to utilize its full interest tax shield. a. The cost of debtis per year. (Round to four decimal places.)