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Marysa Corp. issued a 25-year, 5 percent semiannual bond 3 years ago. The bond currently sells for 94 percent of its face value. The companys

Marysa Corp. issued a 25-year, 5 percent semiannual bond 3 years ago. The bond currently sells for 94 percent of its face value. The companys tax rate is 24 percent.
a. What is the pretax cost of debt? (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? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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