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% and the probability of a recession is 40%. 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 company's outstanding debt is $58 million. The company pays no taxes. (a) What payoff do bondholders expect to receive in the event of a recession? (b) What is the promised return on company's debt? (c) What is the expected return on company's debt? 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% and the probability of a recession is 40%. 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 company's outstanding debt is $58 million. The company pays no taxes. (a) What payoff do bondholders expect to receive in the event of a recession? (b) What is the promised return on company's debt? (c) What is the expected return on company's debt