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Ace Industrial Machines issued 1 4 6 , 0 0 0 zero coupon bonds seven years ago. The bonds have a par value of

Ace Industrial Machines issued 146,000 zero coupon bonds seven years ago. The bonds have a par value of \(\$ 1,000\) and originally had 30 years to maturity with a yield to maturity of \(7.1\) percent. Interest rates have recently increased, and the bonds now have a yield to maturity of \(8.2\) percent. What is the dollar price of the bonds? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.) What is the market value of the company's debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g.,1,234,567.89.)If the company has a \(\$ 46.1\) million market value of equity, what weight should it use for debt when calculating the cost of capital? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g.,.1616.)

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