Jiminy's Cricket Farm issued a 30-year, 10.2 percent semiannual bond 8 years ago. The bond currently sells for 86 percent of its face value. The companys tax rate is 34 percent.

Required:
(a)	What is the pretax cost of debt? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Pretax cost of debt

%

(b)	What is the aftertax cost of debt? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Aftertax cost of debt

%