Bob Joe, the manager of Farm Works, is analyzing the capital structure of the company in order to determine the optimal debt choice. The amount of debt selected would be a permanent amount, however the higher the amount of leverage the higher the financial distress costs become. The cost of debt is 6% and the corporate tax rate of this company is 35%. What is the optimal debt choice for Farm Works? $15M $30M $45M S60M Debt PV (FDC) $0.2M $0.3M $1.0M $1.0M $45M $60M $15M $30M