Jiminy's Cricket Farm issued a 30-year, 5.7 percent semiannual bond 3 years ago. The bond currently sells for 111 percent of its face value. The book value of the debt issue is $50 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 13 years left to maturity; the book value of this issue is $50 million, and the bonds sell for 51 percent of par. The companys tax rate is 25 percent.

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 your best estimate of the aftertax cost of debt?