Cost of debt using both methods (YTM and the approximation formula) Currently, Warren Industries can sell 10-year, $1,000-par-value bonds paying annual interest at a 8% coupon rate. Because current market rates for similar bonds are just under 8%, Warren can sell its bonds for $970 each; Warren will incur flotation costs of $20 per bond. The firm is in the 24% tax bracket. a. Find the net proceeds from the sale of the bond, Nd. 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. Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 10% annual dividend and a $50 par value and was sold at $47.00 per share. In addition, flotation costs of $4.00 per share were paid. Calculate the cost of the preferred stock. The cost of the preferred stock is %. (Round to two decimal places.) Cost of common stock equityCAPM Netflix common stock has a beta, b, of 0.8. The risk-free rate is 4%, and the market return is 8%. a. Determine the risk premium on Netflix common stock. b. Determine the required return that Netflix common stock should provide. c. Determine Netflix's cost of common stock equity using the CAPM. a. The risk premium on Netflix common stock is %. (Round to one decimal place)