Please see the questions below and provide answers. Thank you.

Happy Lion's CFO has pointed out that if these new bonds are issued, the companyr will incur a flotation cost of 3%. Remember, these flotation costs will be from the proceeds the firm receives from the sale of its new bonds. Calculate the company's after-tax cost of debt net of the issue's flotation costs. If i-lappgolr Lion issues its new bonds and incurs flotation costs of 3%. then its adjusted {net} after-tax cost of debt {rounded to four decimal places} will be: 0 5.981210% 0 sewn: O 5.45am: 0 4.53am: This is the oost of debt, and it is different from the average cost of capital raised in the past