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Jiminy's Cricket Farm issued a 2 5 - year, 6 percent semiannual coupon bond 2 years ago. The bond currently sells for 1 0 7

Jiminy's Cricket Farm issued a 25-year, 6 percent semiannual coupon bond 2 years ago. The bond currently sells for 107 percent of its face value. The company's tax rate is 21 percent. The book value of the debt issue is $35 million. In addition, the company has a second debt issue, a zero coupon bond with 9 years left to maturity; the book value of this issue is $20 million, and the bonds sell for 68 percent of par.
a. What is the company's total book value of debt?
Note: Enter your answer in dollars, not millions of dollars, e.g.1,234,567.
b. What is the company's total market value of debt?
Note: Enter your answer in dollars, not millions of dollars, e.g.1,234,567.
c. What is the aftertax cost of debt?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
\table[[a. Total book value,,],[b. Total market value,,],[c. Cost of debt,,%
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