Suppose your company needs to raise $$11$ million and you want to issue $20-$year bonds for this purpose. Assume the required return on your bond issue will be $6$ percent, and you$$re evaluating two issue alternatives: An $6$ percent semiannual coupon bond and a zero coupon bond. Your company$$s tax rate is $35$ percent.

a$.$ How many of the coupon bonds would you need to issue to raise the $$11$ million? How many of the zeros would you need to issue? $($Do not round intermediate calculations. Round the final answers to the nearest whole number. Enter the answer in dollars.$)$

Number of coupon bonds to sell

Number of zero coupon bonds to sell

b$.$ In $20$ years, what will be the last cash outflow associated with the coupon bonds? $($Do not round intermediate calculations. Round the final answers to the nearest whole number. Enter the answer in dollars. Omit $ sign in your response.$)$

Coupon bonds repayment $

Zero coupon bonds repayment $