Cost of debt using both methods (YTM and the approximation formula) Currently, Warren Industries can sell 10-year 51.000 par value bonds paying annual interest at a under 11% Warren can sell its bonds for $1.090 each, Warren will incur flotation costs of 20 per bond. The firm is in the 28% tax bracket a. Find the nel proceeds from the sale of the bond, No b. Calculate the bond yield to maturity (YTM) to estimate the before tax and after-tax costs of debt c. Use the approximation formula to estimate the boforo tax and after-tax costs of debt SE a. The not proceeds from the sale of the bond, Ng, is (Round to the nearest dollar) mation formula) Currently, Warren Industries can el 10 year. 51.000-pa-value bonds paying annual interest at a 11% coupon rate. Because current market rates for similar bonda e junt will incut flotation costs of $20 per bond The liom is in the 28% tax bracket before tax and after tax costs of debt and atter-tax costs of debt. (Round to the nearest dolar) Cost of debt using both methods (YTM and the approximation formula) Currently, Warren Industries can sell 10-year $1.000 par value bonds payin under 11%. Warren can sellis bonds for $1.090 each, Warren will incur flotation costs of $20 per bond The firm is in the 28% tax bracket a. Find the net proceeds from the sale of the bond, Ng b. Calculate the bond's yield to maturity (YTM) to estimate the before-tax and after tax costs of debt c. Use the approximation formula to estimate the before tax and after-tax costs of debt .. The net proceeds from the sale of the bond, Ng, is 5 (Round to the nearest dollar)