Waller, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 9 years to maturity that is quoted at 96 percent of face value. The issue makes semiannual payments and has an embedded cost of 11 percent annually. Required: (a) What is the company's pretax cost of debt? (Do not round your intermediate calculations.) (Click to select) v (b) If the tax rate is 35 percent, what is the aftertax cost of debt? (Do not round your intermediate calculations.) (Click to select) v Sixx AM Manufacturing has a target debt-equity ratio of 0.51. Its cost of equity is 20 percent, and its cost of debt is 10 percent. If the tax rate is 33 percent, what is the company's WACC? 15.51% 11.19% 13.22% 16.28% 14.73%