H&D is a U.S. multinational company with the following debt and equity components in its consolidated capital section. H&D evaluates all its business decisions using the U.S. currency. Assumptions Tax Rate 10-year 6% Euro Bonds (euros) selling at par 20-year 8% Pound Bonds (pounds) selling at par Spot Rate (S/E) Spot Rate ($/) Number of common share outstanding Stock price Stock beta Risk-free rate Market expected return Value 30.00% 8,000,000 4,000,000 $1.15/ $1.35/ 1,000,000 $25/share 1.2 4% 10% What is the market value of H&D's total debt outstanding in US$? (5 points) $12,000,000 $9,200,000 $14,600,000 0 $25,000,000