Sunrise, Incorporated, is trying to determine its cost of debt. The firm has a debt issue outstanding with $22$ years to maturity that is quoted at $94$ percent of face value. The issue makes semiannual payments and has an embedded cost of $6$ percent annually.

a$.$ What is the company's pretax cost of debt? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ If the tax rate is $21$ percent, what 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$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.

$\backslash$table$[[$a$.$ Pretax cost of debt,$6\mathrm{.}62,$D$,\%$