Olympic Sports has two issues of debt outstanding. One is a 6% coupon bond with a face value of $23 million, a maturity of 10 years, and a yield to maturity of 7%. The coupons are paid annually. The other bond issue has a maturity of 115 years, with coupons also paid annually, and a coupon rate of 7%. The face value of the issue is $28 million, and the issue sells for 95% of par value. The firm's tax rate is 40%.

A) What is the before-tax cost of debt for Olympic? ( Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

B) What is Olympic's after-tax cost of debt? ( Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)