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Jiminy's Cricket Farm issued a 3 0 - year, 5 percent semiannual bond 4 years ago. The bond currently sells for 9 4 percent of

Jiminy's Cricket Farm issued a 30-year, 5 percent semiannual bond 4 years ago. The bond currently sells for 94 percent of its face value. The company's tax rate is 25 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.,32.16.
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.,32.16.
\table[[a. Pretax cost of debt,1%
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