Jiminy$$s Cricket Farm issued a bond with $30$ years to maturity and a semiannual coupon rate of $5$ percent $6$ years ago. The bond currently sells for $106$ percent of its face value. The company$$s tax rate is $25$ percent. The book value of the debt issue is $$45$ million. In addition, the company has a second debt issue on the market, a zero coupon bond with $10$ years left to maturity; the book value of this issue is $$45$ million, and the bonds sell for $73$ percent of par.

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

multiple choice $1$

$$90,000,000$

$$85,500,000$

$$94,500,000$

$$81,000,000$

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

multiple choice $2$

$$80,550,000$

$$84,577,500$

$$88,605,000$

$$81,000,000$

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

multiple choice $3$

$3\mathrm{.}01\%$

$3\mathrm{.}17\%$

$2\mathrm{.}38\%$

$3\mathrm{.}16\%$

$3\mathrm{.}31\%$