How is the financing of social not-for-profit ventures, Financial Management

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How is the financing of social not-for-profit ventures

1. How is the financing of social (not-for-profit) ventures different from the financing of for-profit ventures?

2. Find the cost of debt using the formula below 20 million (face value) bond selling for 97% of par that pays an annual coupon of 8.25% what would be the company before tax component cost of debt?

PV = PMT * (1-1/(1+iD)N /iD + FV/(1+iD)N for iD

please show step by step working of above solution

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