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Pearce's Cricket Farm issued a 20-year, 10% semiannual borvd 2 years ago. The bond currently sells for 93% of its face value. The company's tax

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Pearce's Cricket Farm issued a 20-year, 10% semiannual borvd 2 years ago. The bond currently sells for 93% of its face value. The company's tax rate is 35% Suppose the book value of the debt issue is $50 million. In addition, the company has a second debt issue cn the market, a zero coupon bond with 13 years left to maturity; the book value of this issue is $40 million and the bonds self for 52% of poc. Assume the par value of the bond is $1,000. What is the company's total book volue of debt? (Enter the answer in dollars. Omit s sign in your response.) Total book value 5 (1) What is the company's total market value of debt? (Enter the answer in doliars. Omit 5 sign in your response) Total market value 3 What is your best estimate of the after-tax cost of debt? (Do not round intermediate calculations. Liter your answer as a perieniage rounded 102 decimal places.) Cost of dobt

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