Jiminy's Cricket Farm issued a $25-$year, $8$ percent semiannual bond $2$ years ago. The bond currently sells for $92$ percent of its face

value. The company's tax rate is $24$ percent.

a$.$ What is the pretax cost of debt?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What is the aftertax cost of debt?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ Which is more relevant, the pretax or the aftertax cost of debt?

Aftertax cost of debt

Pretax cost of debt