Question: PLEASE ONLY ANSWER USING EXCEL FORMULAS/CELLS - DO NOT GIVE NUMBERS AS THE ANSWER. Calculating cost of debt Excel FILE HOME INSERT PAGE FORMULAS DATA

PLEASE ONLY ANSWER USING EXCEL FORMULAS/CELLS - DO NOT GIVE NUMBERS AS THE ANSWER.

PLEASE ONLY ANSWER USING EXCEL FORMULAS/CELLS - DO NOT GIVE NUMBERS AS

Calculating cost of debt Excel FILE HOME INSERT PAGE FORMULAS DATA REVIEW VIEW Sign In Calibri 196 | . AlignmeNumbeEonditio!Format Cell Cells 1 u. m. > Paste ormattir as Styles Styles Clipboard Fon A1 Jiminy's Cricket Farm issued a 30-year, 7 percent semiannual bond 3 years ago The bond currently sells for 93 percent of its face value. The company's tax rate is 22 percent. What is the pretax cost of debt? What is the aftertax cost of debt? Settlement Maturity Coupon rate Price (% of par) Redemption value (% of par) Payments per year Tax rate 01/01/00 01/01/27 7% 93 100 22% Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the YIELD function. You must use the built-in Excel function to answer this question. 15 Pretax cost of debt 18 19 20 Aftertax cost of debt Sheet! +1 00% READY Attempt(s in

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