(Cost of debt) Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 8.2 percent annual interest and matures in 15 years. Investors are willing to pay $947 for the bond and Temple faces a tax rate of 30 percent. What is Temple's after-tax cost of debt on the bond? The after-tax cost of debt is %. (Round to two decimal places.) (Cost of preferred stock) The preferred stock of Walter Industries Inc. currently sells for $35.52 a share and pays $2.52 in dividends annually. What is the firm's cost of capital for the preferred stock? The firm's cost of capital for the preferred stock is %. (Round to two decimal places.)