Cost of debt with fees. Dunder-Mifflin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines in the coming year. The bonds will pay a coupon rate of 13.7% with semiannual payments and will mature in 30 years. Its par value is $100. DMI hires an investment banker for the sale of the 600,000 bonds. The investment banker charges a fee of 1% on each bond sold. What is the cost of debt to DMI if the following are the proceeds before the banker's fees are deducted?

a.$46,782,000

b.$56,736,000

c.$65,310,000

d.$74,760,000

a. What is the cost of debt to DMI if the bond proceeds are $46,782,000 before the banker's fees are deducted?

enter your response here%

(Round to two decimal places.)

b.What is the cost of debt to DMI if the bond proceeds are $56,736,000 before the banker's fees are deducted?

enter your response here%

(Round to two decimal places.)

c.What is the cost of debt to DMI if the bond proceeds are $65,310,000 before the banker's fees are deducted?

enter your response here%

(Round to two decimal places.)

d.What is the cost of debt to DMI if the bond proceeds are $74,760,000 before the banker's fees are deducted?

enter your response here%

(Round to two decimal places.)