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The Ruins Corporation as a million of sounding count of 11350 percent seven years ago testovetullen 350 Broche Vice President of France does not expectates to any further the bonds tove 17 years to my brooks to read the bonds with new famount also having 17 yours tourty The Don Corporation as a percent. The underwriting cost on the oldes 30 percent of the toond to the underwriting cost on the new will be 200 percent of the total bond wa The original bond indenture conned a five year hection where all rum starting the sand scheduled to decine by one percent year the consider the band to be seven years old for purposes of computing the premium Use for route your fusing the form and financial Calculator methods Assume the con to the tax cost of new rounded to the newest whole percent 40 percent should be rounded up to 5 percent Como encounter to not found intermediate calculations. Trout your answer as a percent rounded up to the nearest whole percent) che present of coloutlow. Do not found intermediate calculations and round your owwer to 2 decimal ieces The Robinson Corporation has $31 million of bonds outstanding that were issued at a coupon rate of 11350 percent seven years ago Interest rates have fallen to 10 350 percent Mr. Brooks, the Vice-President of Finance does not expect rates to fall any further. The ponds have 17 years left to maturity, and Mr Brooks would like to refund the bonds with a new issue of equal amount also having 17 years to maturity. The Robinson Corporation has a tax rate of 30 percent. The underwriting cost on the old issue was 310 percent of the total bond value. The underwriting cost on the new issue will be 200 percent of the total bond value. The original bond indenture contained a five-year protection against a call with a 9 percent call premium starting in the sixth year and scheduled to decline by one-half percent each year thereafter. (Consider the bond to be seven years old for purposes of computing the premium) Use Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Assume the discount rate is equal to the aftertax cost of new debt rounded up to the nearest whole percent (eg 4.06 percent should be rounded up to 5 percent) 6. Compute the discount rate (Do not round intermediate calculations. Input your answer as a percent rounded up to the nearest whole percent.) Discount rate b. Calculate the present value of total outflows. (Do not round intermediate calculations and round your answer to 2 decimal places.) PV of total outflows