Jungle, Inc., has a target debtequity ratio of 0.81. Its WACC is 11.5 percent, and the tax rate is 33 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)8.69%15.41%7.95%11.12%7.61%

(b)	If instead you know that the aftertax cost of debt is 5.7 percent, what is the cost of equity? (Do not round your intermediate calculations.)