Jiminys Cricket Farm issued a 30-year, 4.5 percent semiannual bond three years ago. The bond currently sells for 104 percent of its face value. The book value of the debt issue is $75 million. In addition, the company has a second debt issue on the market, a zero coupon bond with eight years left to maturity; the book value of this issue is $30 million, and the bonds sell for 81 percent of par. The companys tax rate is 22 percent.

What is the companys total book value of debt? (in dollars)

What is the companys total market value of debt? (in dollars)

What is your best estimate of the aftertax cost of debt? ( percentage rounded to 2 decimal)