please answer ASAP.

continuation: in 2000, kdee co issued $20 million of $1000 par value, 12% convertible debentures that come due in 2021. conversion price is 33 per share, the common stock was selling for $28 per share on a given date shortly after these convertibles were issued. these have a B rating (yielding 12% on that date). market price of the convertible was $930 on that date.

required:

1. security value ?
2. Conversion premium?

hans co. is deciding to "purchase or lease" an automatic mixing equipment that will cost 35000, to be depreciated straight-line basis over a 4-year period useful life. tax-30%. if owned, annual maintenance & insurance expenses 2500. hans co. wacc %3! = 18%. if leased, lease payment = 11,923.17 at the start of each year.

required:

1. cost of owning
2. cost of leasing