A company has a $46,000 pure discount bond that comes due in one year. The risk-free rate of return is 5.4 percent. The firm's assets are expected to be worth either $45,000 or $55,000 in one year. Currently, these assets are worth $50,000. What is the current value of the firm's debt? (Hint: consider equity as a call option on the firm assets (i.e., underlying stock))

$43,539.24

$43,425.05

$43,310.86

$43,196.67

$43,082.48