ANSWER PART A and B PLS FOR THUMBS UP

Flotation costs and the cost of debt Currently, Warren Industries can sell 10-year, $1,000-par-value bonds paying annual interest at a 11% coupon rate. Because current market rates for similar bonds are just under 11%. Warren can sell its bonds for $990 each; Warren will incur flotation costs of $30 per bond. The fitm is in the 27% tax bracket a. Find the net proceeds from the sale of the bond, Nd b. Calculate the bofore-tax and afler-tax costs of debt. a. The net proceeds from the sale of the bond, Nd, is s (Round to the nearest dollar.)