I need details, thanks you very much! Question 47 Use the following information to answer the following question(s). Your firm is trying to determine whether it should finance a project requiring $800,000 with new common stock or with debt. The firm is faced with the following financing alternatives: I: Issue new common stock. Sale price of the common stock is expected to be $40 per share. II: Issue new bonds with a coupon rate of 12%. The firm has a marginal tax rate of 34%, the company currently has 40,000 shares of common stock outstanding, and $90,000 face value of 10% debt outstanding. Total shares outstanding will be: Answer A20,000 under alternative I and zero under alternative II. B60,000 under both alternative I and alternative II. C40,000 under alternative I and 60,000 under alternative II. D60,000 under alternative I and 40,000 under alternative II. Question 48 Use the following information to answer the following question(s). Your firm is trying to determine whether it should finance a project requiring $800,000 with new common stock or with debt. The firm is faced with the following financing alternatives: I: Issue new common stock. Sale price of the common stock is expected to be $40 per share. II: Issue new bonds with a coupon rate of 12%. The firm has a marginal tax rate of 34%, the company currently has 40,000 shares of common stock outstanding, and $90,000 face value of 10% debt outstanding. The total interest obligation will be: Answer A $105,000 under alternative I and $9,000 under alternative II. B $105,000 under both alternative I and alternative II. C $9,000 under alternative I and $105,000 under alternative II. D zero under alternative I and $96,000 under alternative