Determine the cost of a bond loan for the following situations:

a) bonds to be issued at face value; issuing costs: 2%;

b) bonds to be issued at face value; issuing costs: 2% + e 30,000

Assume the corporate tax rate is 25%, the interest rate is 8%, the face value is e5, and the maturity of the loan is 5 years.

Amount of bonds to be issued: 200,000.