Calculate the Before Tax Cost of Debt.

Flotation costs will be $$30$per bond.

Bond Value $=$$ $1,000$

Coupon Rate $=8\%$

Time in Years $=10$ Premium or discount $=($ $ $50.00)$

Taxes $=40\%$

Kd $=$Yield $(1-$Tax rate $)$

Show formula like this....

Example: $($Dividend next year $/($Current Price $-$ Flotation costs$))+$Growth rate

I wont be solving these problems using $TI84$ plus calculator