value 10.00 points Shanken NV issued a 30-year, 10 per cent semi-annual bond 7 years ago. The bond currently sells for 108 per cent of its face value. The company's tax rate is 35 per cent. Assume face value of the debt is 1,000. Requirement 1: What is the pre-tax cost of debt? (Do not include the per cent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) Pre-tax cost of debt Requirement 2: What is the after-tax cost of debt? (Do not include the per cent sign (%). Do not round your intermediate calculations. Round your answer to 2 decimal places (0.9., 32.16).) After-tax cost of debt % Requirement 3: Which is more relevant, the pre-tax or the after-tax cost of debt? Why