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Jiminy's Cricket Farm issued a bond with 16 years to maturity and a semiannual coupon rate of 6 percent 2 years ago. The bond currently

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Jiminy's Cricket Farm issued a bond with 16 years to maturity and a semiannual coupon rate of 6 percent 2 years ago. The bond currently sells for 91 percent of its face value, The company's tax rate is 38 percent. The book value of the debt issue is $40 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 11 years left to maturity, the book value of this issue is $30 million, and the bonds sell for 50 percent of par. What is the company's total book value of debt? $70,000,000 O $66,500,000 $73,500,000 O $63,000,000 What is the company's total market value of debt? $51,400,000 O $53,970,000 $56,540,000 $63,000,000 What is your best estimate of the aftertax cost of debt? 4.24% 6.40% 3.97% 4.455 4.66%

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