Avicorp has a $10.2 million debt issue outstanding, with a 5.9% 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 94,68% of par value. a. What is Avicorp's protax cost of debt? b. If Avicorp faces a 25% tax rate, what is its after-tax cost of debr? Note: Assume that the firm will always be able to ublize its full interest tax shield