Consider the following company, Book Value of Debt $70 million YTM 6% 16% annually 10 20% Coupon Coupon Payments Years Corporate Tax Rate # of Preferred Shares Price of Preferred Share Dividend per Preferred Shares # of Common Shares 1.5 million $27 $1.03 9 million $18 Price of Common Share B of Common Stock Risk-Free Rate 1.3 14% 10% Market Return What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES. Enter your response below. Number million Click "Verify" to proceed to the next part of the question. Section Attempt 1 of 1 Verify