Oberon, Incorporated has a $20 million (face value) 10-year bond issue selling for 97 percent of...

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Oberon, Incorporated has a $20 million (face value) 10-year bond issue selling for 97 percent of par that pays a annual coupon of 8.25 percent. What would be Oberon's before-tax component cost of debt? You must use the built-in Excel function to answer this question. All answers should be displayed as positive numbers. Input area: 5 6 Bond issue face value $20,000,000 7 Maturity 10 8 Price (% of par) 97% 9 Coupon rate 8.25% 10 11 Output area: 12 13 Cost of debt 14 Oberon, Incorporated has a $20 million (face value) 10-year bond issue selling for 97 percent of par that pays a annual coupon of 8.25 percent. What would be Oberon's before-tax component cost of debt? You must use the built-in Excel function to answer this question. All answers should be displayed as positive numbers. Input area: 5 6 Bond issue face value $20,000,000 7 Maturity 10 8 Price (% of par) 97% 9 Coupon rate 8.25% 10 11 Output area: 12 13 Cost of debt 14