Question: Problem 18 You have until 8:17 PM to complete this assignment. Intro Lugget Corp. has one bond issue outstanding with an annual coupon of 3.6%,

Problem 18 You have until 8:17 PM to complete this assignment.

Problem 18 You have until 8:17 PM to complete this assignment. Intro Lugget Corp. has one bond issue outstanding with an annual coupon of 3.6%, a face value of $1,000 and a price of $967.56, which matures in 10 years. The company's tax rate is 26%. Attempt 1/3 for 1 pts. Part 1 What is Lugget's pre-tax cost of debt? 4+ decimais Submit Attempt 1/3 for 1 pts. Part 2 What is the company's after-tax cost of debt? 4+ decimals Submit

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