Sumise, Incomporated, is living to delemmine $11$ cost of debi The fimm has a debt issue outstanding with $9$ years to minaturity that is quoted at $104$ percent of face value. The istue makes bemlannual payments and has an embedded cost of $5.$ percent anriually.

a$.$ What is the company's pretax cosil of debt?

Note; Do nor round Intermedinte talculations and enter your answer as a percent rounded to $2$ decimal places, $6\mathrm{.}9\mathrm{.}32\mathrm{.}16).$

b$.$ If the lax rate is $22$ percent, what is the aftertax cost of debt?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

a$.$ Pretax cost of debt

b$.$ Aftertax cost to debt

$4$

$\%$