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Tomtom Co. issued a 5-year bond, with a coupon of 5%, making semiannual payments and a par value of $1,000. The bond currently sells for

Tomtom Co. issued a 5-year bond, with a coupon of 5%, making semiannual payments and a par value of $1,000. The bond currently sells for 105% of par. The company's tax rate is 21%.

Calculate the before-tax cost of debt. (Enter percentages as decimals and round to 4 decimals)

Calculate the after-tax cost of debt. (Enter percentages as decimals and round to 4 decimals)

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