(Cost of debn) Sincere Stationery Corporation needs to raise $450,000 to improve its manufacturing plant it has decided to issue as $1,000 par value bond with an annual coupon rate of 13 porcent and a maturity of 15 years. The investors require a rate of retuin of 8 percent: a. Compute the market value of the bonds b. What wilt the not price be if tlotation costs are 11. percent of the market price? c. How many bonds will the firm have to issue to receive the needed tunds? d. What is the firm's after-tax cost of debt if its average tax rate is 25 percent and its marginal tax rafe fs 38 percent