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Good Time Company is a regional chain department store It will remain in business for one more year The e company's required debt payment at

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Good Time Company is a regional chain department store It will remain in business for one more year The e company's required debt payment at the end of the year is $122 million. The market value of the a. What payoff do bondholders expect to receive in the event of a recession? (Enter your answer in probability of a boom year is 70 percent and the probability of a recession i s 30 percent. It is projected that the company will generate a total cash flow of $197 million in a boom year and $88 million in a recession company's outstanding debt is $95 million. The company pays no taxes dollars, not millions of dollars, e.g, 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.) Payoff 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. 32.16.) Promised return 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., 3216) Expected return

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