Please use excel and post screenshots of the formulas used to get the answers in whichever cell is selected.

Nike needs to raise $60 million and wants to issue 15-year zero-coupon bonds for this purpose. Assume the required return on the bond issue will be 4.8% Spear-It's tax rate is 21%. The par value of each bond is $1000. How many bonds would the company need to issue to raise the money it requires?