6. A firm is contemplating the issuance of a new corporate bond. There are flotation costs and the CFO must also factor in taxes. What is the cost of capital for this bond if: - it has a 4-year maturity $1,000 Face Value - has an annual coupon rate of 6% - it is being sold on the market for $1,100 the flotation cost per bond is $60 - the company's annual tax rate is 32%? Please show your work or explain how you arrived at your solution. HTML Editor