t is currently priced at 93% o par value. Avi p has a $14.1 million debt issue outstanding, with a 6.2% coupon rate. The debt has sem annual coupons, the next coupon is due in six months, and the deb a. What is Avicorp's pre-tax cost of debt? Note: Compute the effective annual retum. b, f Avicorp faces a 40% tax rate, what is its after-tax cost of debt? matures in e year a. The oost of debt is96 per year (Round to four decimal places.) b. If Avicorp faces a 40% tax rate, the after-tax cost of debt is (Round to four decimal places.)