only need Part C!

Problem 7-29 Zero Coupon Bonds [LO2] points Suppose your company needs to raise $58 million and you want to issue 30-year bonds for this purpose Assume the required retum on your bond issue will be 56 percent, and you're evaluating two issue alternatives. A semiannual coupon bond with a coupon rate of 5.6 percent and a zero coupon bond. Your company's tax rate is 24 percent. Both bonds will have a par value of $1,000. 8-1. How many of the coupon bonds would you need to issue to raise the $58 million? -2. How many of the zeroes would you need to issue? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-1. In 30 years, what will your company's repayment be if you issue the coupon bonds? (Do not round Intermediate calculations and enter your answer In dollars, not millions of dollars, e.g., 1,234,567.) b-2. What if you Issue the zeroes? (Do not round Intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567) Calculate the aftertax cash flows for the first year for each bond (Do not round Intermediate calculations and enter your answers in dollars, not millions of dollars, e.g. 1,234,567.) * Answer is complete but not entirely correct. Number of coupon bonds Number of zero coupon bonds Coupon bonds repayment Zeroes repayment Coupon bonds Outflow Zero coupon bonds $ s S 58,000 304 098 92 59,624 000 304,098,917 43 8 Inflow