in order to accurately assess the capital structure of a firm, it is necessary to convert its balance sheet figures from historical book values to market values. KIM Corporation's balance sheet (book values) as of today is as follows: Long-term debt (bonds, at par) Preferred stock Common stock ($10 par) Retained earnings Total debt and equity $22,500,000 1,000,000 13,000,000 5,000,000 $43,500,000 The bonds have an 8.2% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly 10 years from today. The yield to maturity is 12%, so the bonds now sell below par. What is the current market value of the firm's debt? Do not round your intermediate calculations a. $17,669,059 Cb. $17,596,609 c. $18,920,019 Od. $18,231,469 e. $17,423,267