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Item3 10 points eBookView previous attemptCheck my workCheck My Work button is now disabledItem 3 Suppose your company needs to raise $16 million and you

Item3 10 points eBookView previous attemptCheck my workCheck My Work button is now disabledItem 3 Suppose your company needs to raise $16 million and you want to issue 10-year bonds for this purpose. Assume the required return on your bond issue will be 6 percent, and youre evaluating two issue alternatives: An 6 percent semiannual coupon bond and a zero-coupon bond. Your companys tax rate is 35 percent. a. How many of the coupon bonds would you need to issue to raise the $16 million? How many of the zeros would you need to issue? (Do not round intermediate calculations. Round the final answers to the nearest whole number. Enter the answer in dollars.) Number of coupon bonds to sell Number of zero coupon bonds to sell b. In 10 years, what will be the last cash outflow associated with the coupon bonds? (Do not round intermediate calculations. Round the final answers to the nearest whole number. Enter the answer in dollars. Omit $ sign in your response.) Coupon bonds repayment $ Zero coupon bonds repayment $

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