(Cost of debt) Carraway Seed Company is issuing a $1000 par value bond that pays 8 percent annual interest and matures in 15 years. Investors are willing to pay $980 for the bond. Flotation costs will be 13 percent of market value. The company is in a 25 percent tax bracket. What will be the firm's after-tax cost of debt on the bond?

He ! a group of farmers planned to clean 80 acres of wheat per day to finish the work on schedule. right before the work started, they received a new piece of machinery that them clean 10 more acres per day than originally planned. as a result of increased productivity in the last day before the deadline they only had to clean 30 acres. how many acres of wheat did the group of farmers have to clean?