Panera Corporation has a $12,000 pure discount bond that comes due in one year. The risk-free rate of return is 3 percent. The firm's assets are expected to be worth either $12,000 or $21,000 in one year. Currently, these assets are worth $16,000. What is the current value of the firm's debt?

		$11,320.78
		$11,763.42
		$11,890.51
		$11,650.49
		$12,547.66