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 $126 million in a boom year and $51 million in a recession. The company's required debt payment at the end of the year is $75 million. The market value of the companys outstanding debt is $58 million. The company pays no taxes.

a.	What payoff do bondholders expect to receive in the event of a recession? (Enter your answer in dollars, not millions of dollars.)
b.	What is the promised return on the company's debt? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
c.	What is the expected return on the company's debt? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)