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Sunrise, Incorporated, is trying to determine its cost of debt. The firm has a debt issue outstanding with 2 5 years to maturity that is

Sunrise, Incorporated, is trying to determine its cost of debt. The firm has a debt issue outstanding with 25 years to maturity that is quoted at 91 percent of face value. The issue makes semiannual payments and has an embedded cost of 5 percent annually.
a.
What is the companys pretax cost of debt? (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 24 percent, what is the aftertax cost of debt

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