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Consider the following company, Book Value of Debt $62 million 10% 17% annually 20 20% 1.5 million YTM Coupon Coupon Payments Years Corporate Tax Rate

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Consider the following company, Book Value of Debt $62 million 10% 17% annually 20 20% 1.5 million YTM Coupon Coupon Payments Years Corporate Tax Rate # of Preferred Shares Price of Preferred Share Dividend per Preferred Shares # of Common Shares Price of Common Share B of Common Stock Risk-Free Rate Market Return $20 $1.41 6 million $17 1.3 3% 13% What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL P Enter your response below. Number million

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