Sunrise, Incorporated, is trying to determine its cost of debt. The firm has a debt issue outstanding with 9 years to maturity that is quoted at 110 percent of face value. The issue makes semiannual payments and has an embedded cost of 7.8 percent annually. a. What is the company's pretax cost of debt? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. If the tax 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., 32.16. ABC Company just paid an annual dividend of $1.53 on its stock and increases its dividend by 2.4% annually. What is the rate of retum on this stock if the current stock price is $42.58 a share? Round to two places past the decimal point. Numeric Response