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 $60$ percent, and the probability of a recession is $40$ percent. It is projected that the company will generate a total cash flow of $$228$ million in a boom year and $$103$ million in a recession. The company$$s required debt payment at the end of the year is $$138$ million. The market value of the company$$s outstanding debt is $$109$ 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. Enter the final answer in dollars. Omit $ sign in your response.$)$

Expected payoff $

$103000000$

b$.$ What is the promised return on the company$$s debt? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit $\%$ sign in your response.$)$

Promised return

$\%$

c$.$ What is the expected return on the company$$s debt? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit $\%$ sign in your response.$)$

Expected return

$\%$