Good Time Company is a regional chain department store. It will remain in business for one more year. The probability of a boom year is $80$ percent and the probability of a recession is $20$ percent. It is projected that the company will generate a total cash flow of $$196$ million in a boom year and $$87$ million in a recession. The company's required debt payment at the end of the year is $$121$ million. The market value of the company$$s outstanding debt is $$94$ million. The company pays no taxes.

a$.$

What payoff do bondholders expect to receive in the event of a recession? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.)$

b$.$ What is the promised return on the company's debt? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What is the expected return on the company's debt? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$