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2 03 Peace's Cricket Farm issued a 10 year, 8% semiannual bond 3 years ago. The bond currently selis for 96% of its foce value.

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2 03 Peace's Cricket Farm issued a 10 year, 8% semiannual bond 3 years ago. The bond currently selis for 96% of its foce value. The company's toxtate is 358 Suppose the book value of the debt issue is $50 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 10 years left to maturity, the book value of this issue is $30 million and the bonds sell for 55% of par. Assume the par value of the bond is $1.000. What is the company total book value of debt? (Enter the ontwer in dollars. Omle sign in your response.) Total book value What is the company's total market value of debt? (trer the answer in dollars. Omits sign in your response.) 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

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