Good Time Company is a regional chain store.It will remain in business for one more year and then close.The probability of a boom last year is 60% and the probability of arecession is 40%.It is projected that the company will generate a 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 od the company's outstanding debt is $58 million due to the announcement of the closure.The company has a NOL so tax rate is 0%.

What payoffs will bondholders get in a recession and boom scenarios and what is the expected return on the debt?