(solution) (Cost of debt) Sincere Stationery Corporation needs to

(solution) (Cost of debt) Sincere Stationery Corporation needs to

Hello.  I have attached a file with the questions I would like answered.  Thanks

(Cost of debt)??
Sincere Stationery Corporation needs to raise $548,000 to improve its manufacturing plant. It has decided
to issue a $1,000 par value bond with an annual coupon rate of 10.5 percent with interest paid
semiannually and a 15-year maturity. Investors require a rate of return of 8.1percent.
a. Compute the market value of the bonds.
b. How many bonds will the firm have to issue to receive the needed funds?
c. What is the firm's after-tax cost of debt if the firm's tax rate is 34
percent?
a.??The market value of the bonds is
$
(Round to the nearest cent.)
b.??The number of bonds that the company needs to sell is
bonds. (Round up to the nearest integer.)
c.??The firm's after-tax cost of debt is
(Round to two decimal places.)