(Cost of debt) Bellon Distribution Company is issuing a $1,000 par value bond that pays 7.6 percent annual interest and matures in 15 years that is paid semiannually, Investors are wiling io pay $959 for the bond. The company is in the 18 percent marginat tinx bracket. What is the firm's after-tax cost of debt on the bond? The firm's after-tax cost of debt on the bond is K. (Round to two decimal places) (Cost of common equity) Falon Corporation is issuing new common stock at a market price of $28.12. Dividends last year were $1.37 and are expected to grow at an annual rate o 7.4 percent forever. What is Faloc's cost of common equity capitar? The company's cost of commen equity is 16. (Round to two decinal places.)