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Ursala, Inc., has a target debt-equity ratio of .65. Its WACC is 10.4 percent, and the tax rate is 23 percent. a. If the companys

Ursala, Inc., has a target debt-equity ratio of .65. Its WACC is 10.4 percent, and the tax rate is 23 percent.

a. If the companys cost of equity is 14 percent, what is its pretax cost of debt?

b. If the aftertax cost of debt is 5.8 percent, what is the cost of equity?

Please provide a step by step calculation with formula.

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