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Please help. Please do NOT NOT NOT use excel. Please do NOT NOT NOT Show in excel. Please do NOT show by handwriting. Please type

Please help. Please do NOT NOT NOT use excel. Please do NOT NOT NOT Show in excel. Please do NOT show by handwriting. Please type solutions. Please SHOW ALL WORK INCLUDING THE SMALL STEPS TO CALCULATE THE PROBLEM. PLEASE CALCULATE CAREFULLY. DO NOT put NPER, PMT, PV, FV, PLEASE SHOW FORMULAS. PLEASE SHOW STEP BY STEP. Please make sure you calculate everything and answered EACH part of the problem. PLEASE KEEP everything organized. THANK YOU SO MUCH!!!! :)

Calculating Cost of Debt

Drogo, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 12 years to maturity that is quoted at 105 percent of face value. The issue makes semiannual payments and has an embedded cost of 6 percent annually.

What is the companys pretax cost of debt?

(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Pretax cost of debt %

If the tax rate is 35 percent, what is the aftertax cost of debt?

(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Aftertax cost of debt %

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