finance subject B$1$ : question: the heading corporation has$ $51\mathrm{.}4$ million of bonds outstanding that were issued at coupon rate of$10\mathrm{.}25$ pecent seven years ago interest rates have fallen to $9$ percent preston alter thevice$-$president of finance does not expect rates to fall any further the bonds have$18$ years left to maturity and preston would like to refund the bonds with a new issue of equal amount also having $18$ years to maturity the hardening corporation has a tax rate of $22\mathrm{.}5$ percent the underwriting cost on the old issue was $3\mathrm{.}9$ percent of the total bond value the underwriting cost on new issue will be$1\mathrm{.}8$ percent of total bond value the original bond indenture contained a five year protection againest a call with an $8$ percent call permium starting in the six year and shedualed to declineby one$-$ half percent each year there aftr $($consider the bond to beseven year old purposes ofcomputing the premium use Appendix D a$-$ compute the discount rate $($round thefinal anser to $2$decimal places$)$ b$-$ calculate the present value of total outflows $($enter the answers in whole dollars not in millions round pv factor to $3$ decimals place do not round intermidates calculations roundthefinal answerto neares whole dollar $)$ c$-$ calculatet he present value of total inflows