HW 12 Submitted 6 Sunrise, Incorporated, is trying to determine its cost of debt. The firm has a debt issue outstanding with 25 years to maturity that is quoted at 91 percent of face value. The issue makes semiannual payments and has an embedded cost of 5 percent annually. 5/10 points awarded a. What is the company's pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the tax rate is 24 percent, what is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Scored a. Pretax cost of debt b. Aftertax cost of debt eBook 2.84 X % 4.32% Ask Print References