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Olympic Sports has two issues of debt outstanding. One is a 4% coupon bond with a face value of $34 million, a maturity of 15

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Olympic Sports has two issues of debt outstanding. One is a 4% coupon bond with a face value of $34 million, a maturity of 15 years, and a yield to maturity of 5%. The coupons are paid annually. The other bond issue has a maturity of 20 years, with coupons also paid annually, and a coupon rate of 5%. The face value ofthe issue is $39 million, and the issue sells for 93% of par value. The firm's tax rate is 20%. a. What is the beforetax cost of debt for Olympic? b. What is Olympic's aertax cost of debt? Note: For all the requirements. do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. a. Beforetax cost of debt % b. Alter-tax cost of debt $1

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