Please help me solve this. This is all part of one question from the assignment as they are all about the same topic. Thanks. (please highlight the answers) 1a)

1b)

1c)

At the present time, Western Gas & Electric Company (WGC) has 15-year noncallable bonds with a face value of $1,000 that are outstanding. These bonds have a current market price of $1,329.55 per bond, carry a coupon rate of 12%, and distribute annual coupon payments. The company incurs a federal-plus-state tax rate of 35%. If WGC wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? o 4.22% o 6.07% o 6.34% o 5.28%