Madoff Corporation raised money through a bond issue with a total principal value of $3,000,000. Each bond has a face (par) value of $1,000 and coupon rate of 6%. The company's applicable tax rate is...

Madoff Corporation raised money through a bond issue with a total principal value of $3,000,000. Each bond has a face (par) value of $1,000 and coupon rate of 6%. The company's applicable tax rate is 21%.

a) What is the annual coupon payment bond holders expect to receive?

b) What is total after-tax annual interest expense to the company? Please answer in excel also.