Costly Corporation plans a new issue of bonds with a par value of $1000, a maturity of 30 years, and an annual coupon rate of 13.0%. Flotation costs associated with a new debt issue would equal 8.0% of the market value of the bonds. Currently, the appropriate discount rate for bonds of firms similar to Costly is 17.0%. The firm's marginal tax rate is 30%. What will the firm's true cost of debt be for this new bond issue? Question 2 (2 points) 18.48% 12.93% 14.17% 9.92% 20.75% Question 3 (2 points) Costly Corporation is considering a new preferred stock issue would have a par value of $600 with an annual dividend equal to 13 par. T $889.00 per share with flotation costs of $62.00 per share. The firm marginal tax rate is 40%. What is the firm's cost of preferred stock? The preferred he company believes that the mark 0% of et value of the st ock would be 9.43% 8.77% 10.37%