Solve #8 please.

7. Calculating Cost of Debt [LO2] Jiminy's Cricket Farm issued a 30-year, 6 percent semiannual bond three years ago. The bond currently sells for 93 percent of its face value. The company's tax rate is 22 percent. a. What is the pretax cost of debt? b. What is the aftertax cost of debt? c. Which is more relevant, the pretax or the aftertax cost of debt? Why? 8. Calculating Cost of Debt [L.02] For the firm in Problem 7. suppose the book value of the debt issue is $95 million. In addition, the company has a second debr issue on the market, a zero coupon bond with eight years left to maturity; the book vulue of this issue is $40 million, and the bonds sell for 67 percent of par. What is The company's total book value of debt? The toral narket value? What is your best Estimate of the aftertax cost of debt now