Jiminys Cricket Farm issued a 30-year, 8 percent semiannual bond 3 years ago. The bond currently sells for 93 percent of its face value. The companys tax rate is 35 percent. Suppose the face value of the debt issue is $60 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 10 years left to maturity; the face value of this issue is $35 million, and the bonds sell for 57 percent of par. What is the after tax cost of debt for this company?