Question: this is my third time posting these question please correct 3 ts Viserion, Inc., is trying to determine its cost of debt. The firm has

this is my third time posting these question please correct  this is my third time posting these question please correct 3
ts Viserion, Inc., is trying to determine its cost of debt. The

3 ts Viserion, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 23 years to maturity that is quoted at 93 percent of face value. The issue makes semiannual payments and has an embedded cost of 7 percent annually. a. What is the company's pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the tax rate is 22 percent, what is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. a Pretax cost of debt Aftertax cost of debt 5.50 4.29 % % b. 8 pints Suppose your company needs $20 million to build a new assembly line. Your target debt-equity ratio is .8. The flotation cost for new equity is 9 percent, but the flotation cost for debt is only 6 percent. Your boss has decided to fund the project by borrowing money because the flotation costs are lower and the needed funds are relatively small. a. What is your company's weighted average flotation cost, assuming all equity is raised externally? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the true cost of building the new assembly line after taking flotation costs into account? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole dollar amount, e.g., 1,234,5667.) Answer is complete but not entirely correct. a. Flotation cost Amount raised 7.66 % b. $ 18,466,667

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