Jiminy's Cricket Farm issued a 30-year, 7 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 $17 million. The company's tax rate is 32 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 $81 million and the bonds sell for 75 percent of par.

Required:

(a)	What is the company's total book value of debt? (Do not round your intermediate calculations.)
	(Click to select)76,950,00098,000,00076,560,000118,240,000119,050,000

(b)	What is the company's total market value of debt? (Do not round your intermediate calculations.)
	(Click to select)79,622,40080,388,00072,732,00076,560,00098,000,000

(c)	What is your best estimate of the aftertax cost of debt? (Do not round your intermediate calculations.)
	(Click to select)3.82%3.31%3.64%2.44%3.15%