Ch11-1: The coupon rate on an issue of debt is 11%. The yield to maturity on this issue is 11%. The corporate tax rate is 34 s. What would be the approximate after-tax cost of debt for a new issue of bonds? (Round your answer to 2 decimal places.) Show all work (display all the variables used in your formulas, and/or detail all steps used in determining the calculation)l Ch11-2: A firm is paying an annual dividend of $7.00 for its preferred stock which is selling for $69.00. There is a selling cost of \$4.00. What is the after-tax cost of preferred stock if the firm's tax rate is 39% ? (Round your answer to 2 decimal places.) Show all work (display all the variables used in your formulas, and/or detail all steps used in determining the calculation)