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Jiminy's Cricket Farm issued a 30-year, 9 percent semiannual bond 5 years ago. The bond currently sells for 111 percent of its face value. The...

Jiminy's Cricket Farm issued a 30-year, 9 percent semiannual bond 5 years ago. The bond currently sells for 111 percent of its face value. The company's tax rate is 34 percent. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))Required:(a)The pretax cost of debt is __ percent.(b)The aftertax cost debt is __ percent.

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