QUESTION 1 Andrew Co.'s before tax cost of debt (interest rate) is 4.75% and tax rate is 22% Calculate the after-tax cost of debt of Andrew Co. 0 3.71% 0 4.75% O 1.05% O 6.09% QUESTION 2 Lethbridge Company's perpetual preferred stock sells for $69.00 per share, and it pays a $10.25 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 11.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC? O 16.69% O 14.86% O 12.22% O 13.86%