dunder-mifflin inc. (dmi) is selling 600,000 bonds to raise money for new magazines to be published in the coming year. the bonds will pay a coupon rate of 13.3% on semiannual payments. the par value of the bond is $100, and the bond will mature in 30 years. what is the cost of debt to dmi if the bonds raise the following amounts (ignoring issuing costs)?

A. $57,990,000

B. $51,780,000

C. $69,696,000

D. $74,070,000