CMS Corporation's balance sheet as of today is as follows: $10,000,000 Long-term debt (bonds, at Ipar) Preferred stock Common stock ($10 par) Retained earnings Total debt and equity 2,000,000 10,000,000 4,000,000 $26,000,000 The bonds have an 3.6% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly 10 years from to maturity is 12%, so the bonds now sell below par. What is the current market value of the firm's debt? Select the correct answer. O O O O O a. $5,182,633 b. $5,183,509 c. $5,184,385 d. $5,186,137 e. $5,185,261