Miller Tool plans on closing its doors after one more year. During its last year in business the firm expects to generate a cash flow of $89,000 if the economy booms and $61,000 if it does not. The probability of a boom is 30 percent. The firm has debt of $65,000 that is due in one year. That debt has a market value of $57,000 today. Ignore taxes. The current promised return on debt is ____ percent and the expected return on debt is ______ percent.

9.12; 14.04

11.18; 9.12

14.04; 9.12

14.04; 11.18