Problem 7-29 Zero Coupon Bonds [LO2 Suppose your company needs to ralse $56 million and you want to issue 20-year bonds for this purpose. Assume the required return on your bond Issue will be 5.2 percent, and you're evaluating two Issue alternatives: A semlannual coupon bond with a coupon rate of 5.2 percent and a zero coupon bond. Your company's tax rate is 22 percent. Both bonds will have a par value of $1,000. a-1. How many of the coupon bonds would you need to Issue to ralse the $56 million? a-2. How many of the zeroes would you need to issue? (Do not round Intermediate celculations and round your answer to 2 declmal places, e.g, 32.16.) b-1. In 20 years, what will your company's repayment be if you issue the coupon bonds? b-2. What If you issue the zeroes? (Do not round Intermedlate caiculations and enter c. Calculate the aftertax cash fiows for the first year for each bond. (Do not round (Do not round intermedlate calculetlons and enter your enswer In dollers, not millions of dollers, e.g., 1,234,567.) your answer In dollars, not milllons of dollars, e.g., 1,234,567) Intermedlate calculetlons andl enter your answers in dollers, not millions of dollars, e.g. 1,234,567) a-1. Number of coupon bonds a-2. Number of zero coupon bonds b-1. Coupon bonds repaymen: b-2. Zeroes repayment Coupon bonds Zero coupon bonds