Problem 7-10 Daubert, Inc., planned to issue and sell at par 10-year $1,000 face value bonds totaling $400 million next month. The bands have been printed with a 6% coupon rate. Since that printing, however, Moody's downgraded Daubert's bond rating from Aaa to Aa. This means the bonds will have to be offered to yield buyers 7.1%. How much less than it expected will Daubert collect when the bonds are issued? Ignore administrative costs and commissions. Assume bond coupons are paid semiannually. Round PVFA and PVF values in intermediate calculations to four decimal places. Do not found other intermediate calculations. Round the answer to the nearest dollar $ Feedback Problem 7-16 Ernie Griffin just purchased a five-year zero coupon corporate bond for $680.60 and plans to hold it until maturity. Assume Emnie has a marginal taxate of 16% and band par value is $1000. a. Calculate Ernie's after tax cash flows from the bond for the first two years. Assume annual compounding. Show inflows as positives and outfloves as negatives (using sign"). Do not round your intermediate calculations. Round the answers to the nearest cent. 5. 8.71 X First year Second year $ 9.41 X