The cost of debt is% per year. (Round to two decimal places) HW Score: 62.22%, 9.33 of 15 points Points: 0 of 1 Avicorp has a $14.1 million debt issue outstanding, with a 6.2% coupon rate. The debt has semi-annual coupons, the next coupon is due in six months, and the debt matures in five years. It is currently priced at 94.33% of par value. a. What is Avicorp's pretax cost of debt? b. If Avicorp faces a 28% tax rate, what is its after-tax cost of debt? Note Assume that the firm will always be able to utilize its full interest tax shield. CTE Save

currently priced at 9438% of par value. a. What is Avioorp's pretax cost of debn? 2. The cost of debt is is per year. (Round to two decimal places)