Question 1 A) Viserion, Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding with 27 years to maturity that is quoted 96 percent of face value. The issue makes semiannual payments and has embedded cost of 7 percent annually I. What is the company's pretax cost of debt? II. If the tax rate is 21 percent, what is the after tax cost of debt? B) Jimmy's Cricket Farm issued a bond with 30 years to maturity and a semiannual coupon rate of 4 percent 2 years ago. The bond currently sells for 107 percent of its face value. The company's tax rate is 21 percent. The book value of the debt issue is $60 million. In addition, the company has a second debt issue on the market, a zero coupon with 10 years left to maturity; the book value is this issue is $35 million, and the bonds sell for 76 percent of par. 0 I. What is the company's total book value of debt? Il. What is the company's total market value of debt? III. What is your best estimate of the after tax cost of debt