Advance, inc., is trying to determine its cost of debt. the firm has a debt issue outstanding with 16 years to maturity that is quoted at 105 percent of face value. the issue makes semiannual payments and has a coupon rate of 10 percent annually. required: (a) what is advance's pretax cost of debt? (do not include the percent sign round your answer to 2 decimal places. (e. g., 32.16) pretax cost of debt (b) if the tax rate is 35 percent, what is the aftertax cost of debt? (do not include the percent sign round your answer to 2 decimal places. (e. g., 32.16) aftertax cost of debt

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.