Please use the following information to answer the next TWO questions. Jacqueline Inc. has a $5 million bond issue outstanding that is selling at 101.3 percent of face value. The bonds have a par value of $1,000 each, mature in 25 years, and pay annual coupons of $90. The firm also has 25,000 shares of preferred stock and 450,000 shares of common stock outstanding. The preferred stock has a market price of $36 per share compared to a price of $24 per share for the common stock. The firm's corporate tax rate is 40%. 3. What is the weight of debt in the firm? A) 30.21% B) 29.94% C) 23.16% D) 22.94% E) 27.72% 4. What is the firm's after-tax cost of debt? A) 3.55% B) 5.32% C) 8.87% D) 10.64% E) 17.74%