19 is Pearce's Cricket Farm issued a 15 year, 6% semiannual bond 2 years ago. The bond currently sells for 95% of its face value. The company's tax rate is 40% Suppose the book value of the debt issue is $60 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 15 years left to maturity, the book value of this issue is $35 million and the bonds sell for 51% of par. Assume the par value of the bond is $1000, What is the company's total book value of debt? (Enter the answer in dollars. Omit S sign in your response.) Total book value $ What is the company's total market value of debt? (Enter the answer in dollars. Omit S sign in your response.) cBook Print Total market value What is your best estimate of the after-tax cost of debt? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places.) Cost of debt Raymond Mining Corporation has 8.9 million shares of common stock outstanding, 330,000 shares of 5% $100 par value preferred stock outstanding, and 151.000 750% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $37 per share and has a beta of 1.45, the preferred stock currently sells for $93 per share, and the bonds have 15 years to maturity and sell for 118% of par. The market risk premium is 7.7%, T-bills are yielding 4%, and Raymond Mining's tax is 40%. o. What is the firm's market value capital structure? (Enter your answers in whole dollars.) Market value Debt Equity Preferred stock $ $ 5 nces b. If Raymond Mining is evaluating a new investment project that has the same risk as the firm's typical project, what rate should the