Jiminy's Cricket Farm issued a 15-year,4 percent semiannual coupon bond 2 years ago. The bond currently sells for 91 percent of its face value. The company's tax rate is 21 percent. The book value of the debt issue is $30 million. In addition, the company has a second debt issue, a zero coupon bond with 7 years left to maturity; the book value of this issue is $20 million, and the bonds sell for 73 percent of par.

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

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

c.What is the aftertax cost of debt?