28. Write all the steps to developing an a 29. ABC Corporation issues a $100, 20-year bond paying the market rate bond will sell for par since it pays the market rate, but flotation costs amount to $5 per bond. What is the pre-tax and after-tax cost of debt for ABC Corporation? 28. Write all the steps to developing an a 29. ABC Corporation issues a $100, 20-year bond paying the market rate bond will sell for par since it pays the market rate, but flotation costs amount to $5 per bond. What is the pre-tax and after-tax cost of debt for ABC Corporation