Jiminy's Cricket Farm issued a 30-year, 6.6 percent semiannual bond 8 years ago. The bond currently sells for 108.6 percent of its face value. The book value of this debt issue is $154 million. In addition, the company has a second debt issue, a zero coupon bond with 12 years left to maturity; the book value of this issue is $103 million, and it sells for 62.7 percent of par. The companys tax rate is 24 percent.

What is the total book value of debt?

What is the total market value of debt?

What is the after tax cost of the 6.6 percent coupon bond?

What is the after tax cost of the zero coupon bond?

What is the after tax cost of debt?