Jiminy$$s Cricket Farm issued a bond with $25$ years to maturity and a semiannual coupon rate of $4$ percent $3$ years ago. The bond currently sells for $108$ percent of its face value. The company$$s tax rate is $22$ percent. The book value of the debt issue is $$30$ million. In addition, the company has a second debt issue on the market, a zero coupon bond with $10$ years left to maturity; the book value of this issue is $$15$ million, and the bonds sell for $73$ percent of par.

What is the company's total book value of debt?

multiple choice $1$

$$45,000,000$

$$42,750,000$

$$47,250,000$

$$40,500,000$

What is the company's total market value of debt?

multiple choice $2$

$$43,350,000$

$$45,517,500$

$$47,685,000$

$$40,500,000$

What is your best estimate of the aftertax cost of debt?

multiple choice $3$

$2\mathrm{.}65\%$

$3\mathrm{.}17\%$

$2\mathrm{.}47\%$

$2\mathrm{.}78\%$

$2\mathrm{.}92\%$