Avicorp has a $11.5 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 95.89% of par value.

The cost of debt is % per year is? (round to two decimals)

If Avicorp faces a 35% tax rate, the after-tax cost of debt is? (round to two decimals)