ABC Corp Needs $8,000,000 of Debt for a Quarter Share Fractional

Multiple Choice

ABC Corp. needs $8,000,000 of debt for a quarter share fractional ownership of a Gulfstream IV executive jet. If the company's investment banker has offered to raise the financing by way of a zero coupon (strip) bond with a yield to maturity in 15 years of 6%, what will ABC Corporation's total cash outflow be at maturity?

A) $25.4 million
B) $77.7 million
C) $8.0 million
D) $19.2 million
E) $186.2 million