Consider the following scenario: ABC company pays federal income taxes at a rate of 35% on taxable income.

Write a 200- to 350-word paper in APA format in which you complete the following:

1.) Briefly explain the income tax advantage of raising capital by issuing bonds rather than selling capital stock.

2.) Compute the companys annual after-tax cost of borrowing on an 8%, $5 million bond issue.

3.) Express this after-tax cost as a percentage of the borrowed $5 million. Include your calculations.

Include your calculations.

Can you please help me with just answering the questions and the calculations, and i will format the paper? Thank you!!