Jiminys Cricket Farm issued a 20-year, 6 percent semiannual coupon bond 3 years ago. The bond currently sells for 103 percent of its face value. The companys tax rate is 22 percent.

1. What is the companys 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.

2. What is the companys 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.