Ms$.$ Pay, who has a $40\mathrm{.}8$ percent marginal tax rate on interest income $(37$ percent income tax $+3\mathrm{.}8$ percent Medicare contribution tax$),$ owns HHL corporate bonds in her investment portfolio. She earned $$77,200$ interest this year on her HHL bonds.

Required:

Compute her after$-$tax cash flow assuming that she received two semiannual cash payments of $$38,600$ each.

Compute her after$-$tax cash flow assuming that she instructed HHL to reinvest her interest payments in additional bonds.

Compute her after$-$tax cash flow assuming that the entire $$77,200$ represented amortization of OID.