Question: Please show work using excel. Trying learn how to use the correct formulas. calculator. Do not use financial tables to calculate these problems. Do not

Please show work using excel. Trying learn how to use the correct formulas.

calculator. Do not use financial tables to calculate these problems. Do not use algebraic formulas to calculate these problems. Question 2 (1 point) Great Seneca Inc. sells $100 million worth of 19-year to maturity 9.56% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $995 for each $1,000 bond. The firm's marginal tax rate is 35% What is the after-tax cost of capital for this debt financing? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) You should use Excel or financial calculator. Your Answer: Answer units

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