Kidder Corporation's balance sheet shows an historical book value for long-term debt (bonds, at par) of exist 23,500,000. The bonds have an 6.4% coupon rate, payable semiannually, and a par value of exist 1,000. They mature exactly 10 years from today. The yield to maturity is 9.25% so the bonds now sell below par what is the current value of the firms debt?