The Cost of Debt and Flotation Costs. Sipos a company will nee new 25-yvar debt with a per values of $1.000 and a common rate of paid annally, the price will be $1,000 The tax rate is the notation cost o 3% of the issue proceed, then what is the ofter tax cost of debt? Disregard the tax shield from the motivation of flotation costo. Round your answer to two decimal places What if the flotation costs were 11% of the bond is? Hound your answer to two decimal places