Global Products plans to issue long-term bonds to raise funds to finance its growth. The company has existing bonds outstanding that are similar to the new bonds it expects to issue. The existing bonds have a face value equal to $1,000, mature in 10 years, have an 8% coupon rate, paid semi-annually, and are currently selling for $875.38 each. Global's marginal tax rate is 40 percent. What is Global's after-tax cost of debt? Buoyant Cruises plans issue preferred stock with a $100 par value and a 5 percent dividend. Even though the current market value of its preferred stock is $90 per share. Buoyant expects to net only $85 for each share issued. What is its cost of issuing preferred stock? The firms marginal tax rate is 40 percent. Energetic Engines is trying to estimate its cost of retained earnings. The company has outstanding bonds that pay $30 interest every six months. The bonds, which have a $1,000 face value and mature in six years, are currently selling for $682.29. Estimate Energetics cost o retained earnings using the bond-plus-risk-premium approach. Assume an equity premium of