Question 29 Time left 0:44:54 Not yet answered Marked out of 2.00 P Flag question Fly Corporation issued a $ 5,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 96, and pay interest semiannually, on July 1, and January 1 of every year. Required: Calculate the total financing (borrowing) cost for the company. (Note: write your answer as a number only, with No dollar signs or commas)