FPLL issued a 30-year, 7.00% semi-annual bond 9 years ago.

At the moment the bond sells for 89.00% percent of face value.

The book value of debt issue is $23M.

FPLLs tax rate is 34.00%

FPLL also has a second debt issue on the market; a zero coupon bond (ZCB)

with 9 years left to maturity; the book value of this issue is $83M and

the bonds sell for 76% of par value.

What is FPLLs total market value of debt?