Cost of debt with fees. Dunder-Mifflin, Inc.​ (DMI) is selling​ 600,000 bonds to raise money for the publication of new magazines in the coming year. The bonds will pay a coupon rate of 8.7​% with semiannual payments and will mature in 30 years. Its par value is ​$100. DMI hires an investment banker for the sale of the​ 600,000 bonds. The investment banker charges a fee of 1​% on each bond sold. What is the cost of debt to DMI if the following are the proceeds before the​ banker's fees are​ deducted?
a. ​$46,326,000
b. ​$50,094,000
c. ​$65,550,000
d. ​$79,296,000
a. What is the cost of debt to DMI if the bond proceeds are ​$46,326,000 before the​ banker's fees are​ deducted?
(Round to two decimal​ places.)
b. What is the cost of debt to DMI if the bond proceeds are ​$50,094,000 before the​ banker's fees are​ deducted?
​(Round to two decimal​ places.)
c. What is the cost of debt to DMI if the bond proceeds are ​$65,550,000 before the​ banker's fees are​ deducted?
​(Round to two decimal​ places.)
d. What is the cost of debt to DMI if the bond proceeds are ​$79,296,000 before the​ banker's fees are​ deducted?
​(Round to two decimal​ places.)