Homework: M6: Cost of Capital and WC Managment -- Chapters Save Score: 0 of 6 pts 3 of 12 (0 complete) HW Score: 0%, 0 of 55 pts P11-6 (similar to) Question Help Cost of debt with fees. Dunder-Mifflin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines in the coming year. The bonds will pay a coupon rate of 15.8% with semiannual payments and will mature in 30 years. Its par value is $100. DMI hires an investment banker for the sale of the 600,000 bonds. The investment banker charges a fee of 3% on each bond sold. What is the cost of debt to DMI if the following are the proceeds before the banker's fees are deducted? a. $49,206,000 b. $54,522,000 c. $67,920,000 d. $73,398,000 a. What is the cost of debt to DMI if the bond proceeds are $49,206,000 before the banker's fees are deducted? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. ? 3 parts Clear All remaining Check