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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

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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 $55 million 7% 7% annually 20 24% 1 million $28 $1.2 #of Common Shares Price of Common Share B of Common Stock Risk-Free Rate Market Return 9,5 million $15 0.6 2% 11% 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. million Click "Verify" to proceed to the next part of the

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