Flotation costs and the cost of debt Currently, Warren Industries can sell 20-year, $1,000-par-value bonds paying annual interest at a 15% coupon rate. Because current market rates for similar bonds are just under 15%, Warren can sell its bonds for $1,020 each; Warren will incur flotation costs of $30 per bond. The firm is in the 22% tax bracket. a. Find the net proceeds from the sale of the bond, Nd. b. Calculate the before-tax and after-tax costs of debt. a. The net proceeds from the sale of the bond, Nd, is $ (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. ? 2 parts Clear All Final Check remaining