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 $23,500,000 1,000,000 13,000,000 4,000,000 $41,500,000 a The bonds have a 7,8% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly 20 years from today. The yield to maturity is 10% so the bonds now sell below par. What is the current market value of the firm's debt? Do not round your intermediate calculations O a 519,064,376 b. 520,659,024 O c $19,850,691 Od 519,028,625 O $19,098,488