6. You have collected the information about the Imaginary Company as follows: The debt of the company: Par value = $1000, Annual coupon rate = 8%, Coupon payment is paid once a year, time to maturity = 3 years The current total market value of the firm asset = $1500 The firm's future values follow a two-state path with Up state growth multiple u = 1.2 and Down state growth multiple d = 0.7 each year. The annual risk-free rate = 2% Answer the questions below. (1). What is the value of the firm's debt if it is a corporate debt? (30pt)