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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. If the corporate tax rate

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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. If the corporate tax rate is 32 percent, what is the aftertax cost of Ying's debt? Bond Coupon Rate Price Quote Maturity Face Value $ 21,000,000 1 5.7% 108 3 years 2 6.6 5.5 6.3 114 106 3 4 6 years 14.5 years 28.5 years 38,000,000 49,000,000 62,000,000 117 Starset, Inc., has a target debt-equity ratio of 0.87. Its WACC is 10.5 percent, and the tax rate is 34 percent. If the company's cost of equity is 15 percent, what is the pretax cost of debt? If instead you know that the aftertax cost of debt is 7 percent, what is the cost of equity

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