ASAP PLEASE please solve correctly

Watson Manufactuting has $50 million bond outstanding that caries a 12 pencent coupon fote pald annoally These bonds have 10 years to maturity ama a cail premium of 5.5% As the yield om ciarent bonds is 9.5% the company is considening refunding their boeids, A new issue would require 513 milion in underwi iling cost as wel as $300,000 in other deductible expenses. In addition, an overlap period of one month is anticipstecd, during which time money market rates would be f percent. The company has a tax rate of 40 percent. Actvise Watson Manutacturing whether or not they should refund the bond, Show all calculations (i8 marks)