Blue Bull, Inc., has a target debt-equity ratio of .55. Its WACC is 8.1 percent, and the tax rate is 35 percent.

Required:
(a)	If the companys cost of equity is 11 percent, what is its pretax cost of debt? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Pretax cost of debt

%

(b)	If the aftertax cost of debt is 3.8 percent, what is the cost of equity? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Cost of equity

%