Question: Please can you show me this problem on excel solve 9. New Jet Airlines plans to issue 14-year bonds with a par value of $1,000

Please can you show me this problem on excel solve

9. New Jet Airlines plans to issue 14-year bonds with a par value of $1,000 that will pay S60 every six months. The bonds have a market price of $1,220. Flotation costs on new debt will be 4%. If the firm has a 35% marginal tax bracket, what is cost ofexisting debt

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