Problem 14-7 Calculating Cost of Debt [LO2] Jiminy's Cricket Farm issued a bond with 20 years to maturity and a semiannual coupon rate of 7 percent 4 years ago. The bond currently sells for 104 percent of ts face value. The company's tax rate is 23 percent. a. What is the pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. W hat is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) ces a. Pretax cost of debt b. Aftertax cost of debt more re evantl the pretax ar the aftertaxicost of