Question: help Please 819 X fx CD E A B 1 Sunrise, Inc., is trying to determine its cost of debt. The firm has a debt
819 X fx CD E A B 1 Sunrise, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 23 years to maturity that is quoted at 96 percent of face value. The issue makes semiannual payments and has an embedded cost of 5 percent annually. What is the company's pretax cost of debt? If the tax rate is 21 percent, what is the aftertax cost of debt? 2 3 4 Input Area: 5 6 Settlement 1/1/2020 1/1/2043 7 Maturity 8 Price (% of par) 96 9 Redemption (% of par) 100 10 Coupon rate 5% 11 Payments per year 12 Tax rate G 21% 13 14 (Use cells A6 to B12 from the given information to complete this question. You n answer this question. Leave the "Basis" input blank in the function.) 15 16 17 Output Area: 18 19 Pretax cost of debt 20 Aftertax cost of debt 21 Graded Worksheet
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