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Jiminy's Cricket Farm issued a 2 5 - year, 6 percent semiannual coupon bond 5 years ago. The bond currently sells for 1 0 8

Jiminy's Cricket Farm issued a 25-year, 6 percent semiannual coupon bond 5 years ago. The bond currently sells for 108 percent of its face value. The company's tax rate is 24 percent.
a. What is the company's pretax cost of debt?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
b. What is the company's aftertax cost of debt?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
\table[[a. Pretax cost of debt,%
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