Wildhorse Industries has 8 percent coupon bonds outstanding. These bonds have a market price of $956.18, pay interest semiannually, and will mature in six years. If the tax rate is 35 percent, what are the pretax cost and after-tax cost of this debt? (Round intermediate colculations to 4 decimal places, es. 1.2514 and final answer to 2 decimal places, eg. 15.25\%.)