Stewle and Sons lnc has a $1,000 par value bond outstanding with 30 years to maturity. The bond carries an annual interest payment of $115 and is currently selling for $880 per bond. Stewie and Sons inc, is in a 30 percent tax bracket. The firm wishes to know whiat the aftei-tax cost of a new bond issue is likely to be. The yleid to maturity on the new issue will be the same as the yleid to maturity on the old issue because the risk and maturity date will be similar. (Do not round intermediate calculations. Round the final answers to 2 decimal pleces. Plense use Excel or the BAll-calculator to calculote yield). Pleose show all colculations (submit on the course Moodle poge) a. Compute the yield to maturity on the old issue and use this as the yield for the new issue. [2 marks] Yield on new issue b. Make the appropriate tax ad]ustment to determine the after-tax cost of debt. [2 marks] Cost of debt