KRJ Internationals 2018 balance sheet shows long-term debt with a book value of $1,000,000 and the companys bonds are currently trading at 110% of their par value with a yield to maturity of 7.5%. The companys footnotes also reported that that firm was a heavy user of operating leases with future lease obligations averaging $400,000 per year over the next 8 years. What should be the total amount of debt used to determine the weight of debt in the WACC calculation? Please show all work and calulations in excel.