(Cost of debr) Sincere Stationery Corporation neods to raise 5650,000 to improve its manufacturing plant it has decided to issue a 51 . oco par value bond with an annual coupon rafo of 16 percent and a maturity of 14 years. The investors require a rate of retum of 13 percent. a. Compute the market value of the bonds: b. What will the net price be it flotation costs are 12 percent of the maxket price? c. How many bonde will the firm have to lissue to receive the neoded funds? d. What is the firm's after-tax cost of dobt if its averags tax rate is 25 percent and lis matginal tax rate as 32 percunt