Terrier Company is in a 30 percent tax bracket and has a bond outstanding that ylelds 8 percent to maturity a. What is Terrier's aftertax cost of debt? Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. b. Assume that the yield on the bond goes down by 1 percentage point, and due to tax reform, the corporate tax rate falls to 15 percent. What is Terrier's new aftertax cost of debt? Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places