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Jungle, Inc., has a target debt-equity ratio of 0.76. Its WACC is 10 percent, and the tax rate is 34 percent. Required: (a) If Jungle's

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Jungle, Inc., has a target debt-equity ratio of 0.76. Its WACC is 10 percent, and the tax rate is 34 percent. Required: (a) If Jungle's cost of equity is 16.5 percent, what is the pretax cost of debt? (Do not round your intermediate calculations.) (Click to select) (b) If instead you know that the aftertax cost of debt is 6.5 percent, what is the cost of equity? (Do not round your intermediate calculations.) (Click to select)

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