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Jiminy's Cricket Farm issued a bond with 15 years to maturity and a semiannual coupon rate of 4 percent 2 years ago. The bond currently

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Jiminy's Cricket Farm issued a bond with 15 years to maturity and a semiannual coupon rate of 4 percent 2 years ago. The bond currently sells for 91 percent of its face value. The company's tax rate is 21 percent. The book value of the debt issue is $30 million. 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 $20 million, and the bonds sell for 73 percent of par. What is the company's total book value of debt? O $50,000,000 O $47,500,000 O $52,500,000 O $45,000,000 What is the company's total market value of debt? O $41,900,000 O $43,995,000 O $46,090,000 O $45,000,000 What is your best estimate of the aftertax cost of debt? O 3.80%

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