Waller, Inc, is trying to determine its cost of delbt. The firm has a debt issue outstanding with 11 years to

maturity that is quoted at 95 percent of face value. The issue makes semiannual payments and has an

embedded cost of 8 percent annually

25.00 polnts Waller, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 11 years to maturity that is quoted at 95 percent of face value. The issue makes semiannual payments and has an embedded cost of 8 percent annually Required (a) What is the company's pretax cost of debt? (Do not round your intermediate calculations) k to select) (b) If the tax rate is 35 percent, what is the aftertax cost of debt? (Do not round your intermediate calculations Click to select) References eBook & Resources Worksheet Learning Objective: 14-02 How to 2 3 4 6