Jiminy$$s Cricket Farm issued a $30-$year, $6$ percent semiannual bond three years ago. The bond currently sells for $93$ percent of its face value. The company$$s tax rate is $22$ percent.

a$.$What is the pretax cost of debt?$($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$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$.,32\mathrm{.}16.)$

Calculating Cost of Debt $[$LO$2]$ For the firm in Problem $7,$ suppose the book value of the debt issue is$$$$95$million$.$ In addition, the company has a second debt issue on the market, a zero coupon bond with eight years left to maturity; the book value of this issue is$$$$40$million$,$ and the bonds sell for $67$ percent of par. What is the company's total book value of debt? The total market value? What is your best estimate of the aftertax cost of debt now?