LOST OF CENT LISINE BOTH METHODS LUMTENTY. WATTEN INDUSTRIES Can SELL 15- VEST. = 1, 000- par-value bonds paying annual interest at a 12 % coupon rate . AS a result of current interest rates . the bonds can be sold for $ 1. 010 each ; flotation costs of = 30 per bond will be incurred in this process . The firm is in the 4096 tax bracket . & . Find the net proceeds from sale of the bond , No . 6 . Show the cash flows from the firm's point of view over the maturity of the bond . C . Calculate the before - tax and after- tax costs of debt d. LIKE the approximation formula to Estimate the before- tax and after- tax costs of debt . E. Compare and contrast the costs of debt calculated in parts _ and d. Which approach DO YOU Prefer ? Why ?"