Check my work 8 You need to choose between making a public offering and arranging a private placement. In each case, the issue involves $11 million face value of 10-year debt. You have the following data for each: 10 pos A public issue. The interest rate on the debt would be 9 and the debt would be issued at face value. The underwriting spread would be 16%, and other expenses would be 590,000 A private placement. The interest rate on the private placement would be 10%, but the total issuing expenses would be only $40,000 S Required: a-1 Calculate the net proceeds from public issue a-2. Calculate the net proceeds from prime placement 6-1. Calculate the PV of the extra interest on the private placerpent b-2. Other things being equal, which is the better deal? Complete this question by entering your answers in the tabs below. Regal and Reband 2 Calculate the net proceeds from public we und private placement. Do not round intermediate calculation Enter you answers in dollars not min) Net Proceeds - From - From recement Check my work 3 Required: a-1. Calculate the net proceeds from public issue. a-2. Calculate the net proceeds from private placement. b-1. Calculate the PV of the extra interest on the private placement. b-2. Other things being equal, which is the better deal? pped Complete this question by entering your answers in the tabs below. Book Regal and are bi and 12 Calculate the PV of the extra interest on the private placement and other things being equal, which is the better deal? (Do not round intermediate calculations. Enter your answer in dollars not in millions. Round your answer to the nearest whole dollar) b-1 b-2 PV of extra interest Other things being equal, which is the better deal?