Flotation costs and the cost of debt Currenty, Warren industries can sell 15 -year, \\( \\$ 1,000 \\)-par-value bonds paying annual interest at a \14 coupon rate. Because current market rates for similar bonds are just under 14\\%, Warren can sell is bonds for \\( \\$ 1,070 \\) each; Warren wincur Botation costs of \\( \\$ 25 \\) per bond. The firm is in the \28 tax bracket. a. Find the not procoeds troen the salo of the bond, \\( N_{\\alpha} \\) b. Calculate the before-tax and aftertax costs of debt. a. The net proceeds from the sale of the bond, \\( N_{j} \\) is \\( \\$ 1045 \\). (Round to the nearest dollar.) b. The befoes tax cont of dott is (Round to two decimal placet)