Consider the following company, Book Value of Debt 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 8 of Common Stock Risk-Free Rate Market Return $64 million 10% 10% annually 20 35% 1.5 million $23 $1.44 Enter your response below. Number million 9 million $18 0.7 4% 11% What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES