Transistor Group issued 20-year bonds 8 years ago at par, when the yield-to- maturity on the issue was 10.0 percent. Since then, the yield-to-maturity has declined to 9.0 and the company is considering refunding the $8 million outstanding. They would replace it with an issue of equal size, for the number of years remaining of the original issue. The company would have to pay a call premium of 6.0 percent on the old issue and underwriting cost on the new $8 million issue is $300,000. The company is in a 40.0 tax bracket, and there will be an overlap period of 1 month. Treasury Bills currently yield 3.0 percent per year. (1) A. Enter the discounted present value for each of the relevant cash flows in the table below: Enter the discount rate with two decimal places. (e.g. 12.34%) Round all cash flow numbers to zero decimal places. Enter cash outflows as negative numbers. Enter 'Net' numbers for each cash flow. (e.g enter underwriting costs net of tax.) Discount rate used: Call premium Interest savings Underwriting costs (net) Overlap period (net) Net Present Value