Bond interest payments before and after taxes Your company needs to raise $$55$ million, and you want to issue $10-$year annual coupon bonds to raise this capital. Assume that the bond has a $$1,000-$par$-$value. Suppose the market requires the return of your company's bonds to be $5\%,$ and you decide to issue them at par.

a$.$ How many bonds would you need to issue?

b$.$ What will be the total expense to your company at the time when the bonds mature in year $10?$

c$.$ Suppose your company is in the $35\%$ tax bracket. What is your company's total after$-$tax cost associated with these bonds issued at the time when the bonds mature in year $10?$

a$.$ The number of bonds that need to be issued is $55000.($Round to the nearest whole number.$)$

b$.$ The total expense to the company at the time when the bonds mature in year $10$ is $$57,750,000.($Round to the nearest dollar.$)$

c$.$ Assuming your company is in the $35\%$ tax bracket, the company's total after$-$tax cost associated with these bonds issued at the time when the bonds mature in year $10$ is $

$($Round to the nearest dollar.$)$