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Oriole Industries has 8 percent coupon bonds outstanding. These bonds have a market price of $943.85. pay interest semiannually. and will mature in six years.

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Oriole Industries has 8 percent coupon bonds outstanding. These bonds have a market price of $943.85. pay interest semiannually. and will mature in six years. If the tax rate is 35 percent, what are the pretax cost and after-tax cost of this debt? (Round intermediate calculations to 4 decimal places, e.8. 1.2514 and final answer to 2 decimal places, eg. 15.25\%,) Pre-tax cost % After-tax cost %

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