Before$-$tax cost of debt Gronseth Drywall Systems, Inc., is in discussions with its investment bankers regarding the issuance of new bonds. The investment banker has informed

the firm that different maturities will carry different coupon rates and sell at different prices. The firm must choose among several alternatives.

In each case, the bonds will have a $$1,000$ par value and flotation costs will be $$40$ per bond. Calculate the before$-$tax cost of financing with the following alternative. $($Click on the

icon here $$ in order to copy the contents of the data table below into a spreadsheet.$)$