1. Suppose you are trying to estimate the after tax cost of debt for a firm as part of the calculation of the Weighted Average Cost of Capital (WACC). The corporate tax rate for this firm is 38%. The firm's bonds pay interest semiannually with a 4.9% coupon rate and have a maturity of 9 years. If the annual yield to maturity of the bonds is 6.14%, what is the after tax cost of debt for this firm? (Answer to the nearest hundredth of a percent, e.g. 12.34%, but do not use a percent sign).

2. Suppose you are trying to estimate the after tax cost of debt for a firm as part of the calculation of the Weighted Average Cost of Capital (WACC). The corporate tax rate for this firm is 37%. The firm's bonds pay interest semiannually with a 5.7% coupon rate and have a maturity of 6 years. If the current price of the bonds is $932.56, what is the after tax cost of debt for this firm? (Answer to the nearest tenth of a percent, e.g. 12.3%, but do not use a percent sign).

3. The current stock price for a company is $32 per share, and there are 6 million shares outstanding. This firm also has 60,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 6%, 18 years to maturity, a face value of $1,000, and a current price of 1,114.8, what is the total market value of this firm? (Answer to the nearest dollar, but do not use a dollar sign).