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The following 2016 information is available for three companies: Crow Co. Robin Co. Sparrow Co. Face value of bonds payable $ 287,000 $ 776,000 $

The following 2016 information is available for three companies:
Crow Co. Robin Co. Sparrow Co.
Face value of bonds payable $ 287,000 $ 776,000 $ 506,000
Interest rate 6 % 5 % 4 %
Income tax rate 30 % 15 % 20 %

Required
a.

Determine the annual before-tax interest cost for each company in dollars.

b.

Determine the annual after-tax interest cost for each company in dollars. (Round your answers to the nearest dollar amount.)

C. Determine the annual after-tax interest cost for each company as a percentage of the face value of the bonds. (Round your answers to 1 decimal place.) I forgot to type part C. Can you answer?

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