Suppose your company needs to raise $40.4 million and you want to issue 20-year bonds for this purpose. Assume the required return on your bond issue will be 5.4 percent, and you're evaluating two issue alternatives: a 5.4 percent semiannual coupon bond and a zero coupon bond. Your company's tax rate is 24 percent. a. How many of the coupon bonds would you need to issue to raise the $40.4 million? How many of the zeroes would you need to issue? (Do not round intermediate calculations. Round your coupon bond answer to the nearest whole number, e.g., 32 and your zero coupon bond answer to 2 decimals, e.g., 32.16.) b.In 20 years, what will your company's repayment be if you issue the coupon bonds? What if you issue the zeroes? (Do not round intermediate calculations and enter your answers in dollars, not millions, rounded to the nearest whole number, e.g., 1,234,567.) c. Assume that the IRS amortization rules apply for the zero coupon bonds. Calculate the firm's aftertax cash outflows for the first year under the two different scenarios. (Input a cash outflow as a negative value and a cash inflow as a positive value. Do not round intermediate calculations and enter your answers in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89.) a. Number of coupon bonds Number of zero coupon bonds b. Coupon bond repayment Zero coupon bond repayment c. Coupon bond cash flow Zero coupon bond cash flow You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Coupon Maturity Xenon, Inc. (XIC) 6.300 Jan 15, 2032 Kenny Corp. (KCC) 7.210 Jan 15, 2031 Williams Co. ?? Jan 15, 2038 (WICO) Last Price 94.273 ?? 94.825 Last Yield ?? 5.32 EST $ Vol (000's) 57,371 48,950 7.02 43,811 a. What price would you expect to pay for the Kenny Corp. bond? (Do not roun intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the bond's current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Price b. Current yield %