Jiminy's Cricket Farm issued a 30-year,5 percent semiannual coupon bond 3 years ago. The bond currently sells for 94 percent of its face value. The company's tax rate is 22 percent. The book value of the debt issue is $65 million. In addition, the company has a second debt issue, a zero coupon bond with 7 years left to maturity; the book value of this issue is $45 million, and the bonds sell for 74 percent of par.

a.What is the company's total book value of debt?(Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.)

b.What is the company's total market value of debt?(Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.)c.What is the aftertax cost of debt?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

Ace Industrial Machines issued 188,000 zero coupon bonds 8 years ago. The bonds originally had 30 years to maturity with a yield to maturity of 6.6 percent. Interest rates have recently decreased, and the bonds now have a yield to maturity of 5.7 percent. The bonds have a par value of $2,000. If the company has a $89 million market value of equity, what weight should it use for debt when calculating the cost of capital?(Do not round intermediate calculations and round your answer to 4 decimal places, e.g., .1616.)

ng the SML method.(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimalplaces, e.g., 32.16.)

Please show me the excel formulas. My calculations have been constantly off