Jeffs Cricket Farm issued a 30-year, 8 percent semiannual bond 7 years ago. The bond currently sells for 91.5 percent of its face value. The companys tax rate is 35 percent.

Required:
(a)	What is the pretax cost of debt? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places

Pretax cost of debt

%

(b)	What is the aftertax cost of debt? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places

Aftertax cost of debt

%