Calculate the pre-tax cost and after tax cost of debt. Mudvayne, Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding that is quoted at 107% of face value. The issue makes semiannual payments and has an embedded cost of 6% annually. What is the company's pre-tax cost of debt? If the tax rate is 35%, what is the after-tax cost of debt? Settlement Maturity Price (% of par) Coupon Rate Payments per Year Tax Rate Pre-tax cost After-tax cost Calculate the pre-tax cost and after tax cost of debt. Mudvayne, Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding that is quoted at 107% of face value. The issue makes semiannual payments and has an embedded cost of 6% annually. What is the company's pre-tax cost of debt? If the tax rate is 35%, what is the after-tax cost of debt? Settlement Maturity Price (% of par) Coupon Rate Payments per Year Tax Rate Pre-tax cost After-tax cost