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Jiminy's Cricket Farm issued a 30 -year, 6.5 percent semiannual bond 7 years ago. The bond currently sells for 107 percent of its face value.

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Jiminy's Cricket Farm issued a 30 -year, 6.5 percent semiannual bond 7 years ago. The bond currently sells for 107 percent of its face value. The book value of this debt issue is $105 million. In addition, the company has a second debt issue, a zero coupon bond with 10 years left to maturity; the book value of this issue is $75 million, and it sells for 62.5 percent of par. The company's tax rate is 35 percent. Requirement 1: What is the total book value of debt? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) Total book value of debt Requirement 2: What is the total market value of debt? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.9.. 1,234,567).) Total market value Requirement 3: What is the aftertax cost of debt? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g.,32.16).)

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