Jiminy's Cricket Farm issued a 30-year, 6 percent semi-annual bond 7 years ago. The bond currently sells for 93 percent of its face value. The book value of the debt issue is $21 million. The company's tax rate is 33 percent.

In addition, the company has a second debt issue on the market, a zero coupon bond with 7 years left to maturity; the book value of this issue is $82 million and the bonds sell for 76 percent of par.

Required:

(a)	What is the company's total book value of debt? (Do not round your intermediate calculations.)
	(Click to select)103,000,00081,850,00077,900,000128,100,000127,280,000

(b)	What is the company's total market value of debt? (Do not round your intermediate calculations.)
	(Click to select)77,757,500103,000,00085,124,00081,850,00085,942,500

(c)	What is your best estimate of the aftertax cost of debt? (Do not round your intermediate calculations.)
	(Click to select)3.58%2.29%3.41%2.92%3.07%