Chapter 14 Homework Pearce's Cricket Farm issued a 20-year, 8% semiannual bond 3 years ago. The bond currently sellister 96% of its ince value The company's tax rate is 35% Doina Suppose the book value of the debt issue is $40 million. In addition, the company has a second debt issue on the menta coupon bond with 10 years left to maturity, the book value of this issue is $40 milhon and the bonds sell for 52% of par As value of the bond is $1000 What is the company's total book value of debt (Enter the answer in dollars. Omit S sign in your response.) h e Total book values What is the company's total market value of debt (Enter the answer in dollars. Omit sign in your response) Total marke Value What your best estimate of the after-tax cast of debt? (Do not round Intermediate calculations. Enter your answer as a rounded to 2 decimo places. Cost of debt