Jiminy's Cricket Farm issued a 30-year, 7 percent semi-annual bond 6 years ago. The bond currently sells for 85 percent of its face value. The book value of the debt issue is $19 million. The company's tax rate is 34 percent.

In addition, the company has a second debt issue on the market, a zero coupon bond with 6 years left to maturity; the book value of this issue is $83 million and the bonds sell for 78 percent of par.

Required:

(a)	What is the company's total book value of debt? (Do not round your intermediate calculations.)
	(Click to select) 78,850,000 125,150,000 80,890,000 124,320,000 102,000,000

(b)	What is the company's total market value of debt? (Do not round your intermediate calculations.)
	(Click to select) 84,125,600 102,000,000 76,845,500 80,890,000 84,934,500

(c)	What is your best estimate of the aftertax cost of debt? (Do not round your intermediate calculations.)
	(Click to select) 3.69% 3.16% 3.87% 3.33% 2.52%