ASAP PLEASE

Flotation costs and the cost of debt Currently, Waren Industries can sel 15-year, 51,000 -par-value bonds paying annual inderest at a 15% coupon rate, Bocause current market rates for similar bonds are just under 15%, Warren can sell is bonds for $1.050 each- Warren will incur flotation cosis of $30 per boed. The fim is in the 29% tax bracket. a. Find the net proceeds froen the sale of the bond, N0 b. Calculate the betore-tax and after-tax costs of debt