The assets of Bill's Boats are currently worth $47,600. These assets are expected to be worth either $45,000 or $53,000 one year from now. The company has a pure discount bond outstanding with a $60,000 face value and a maturity date of one year. The risk- free rate is 4 percent What is the value of the equity in this firm? (Round your answer to the nearest whole dollar.) (I) What is the current value of the firm's debt? CH) What is the implied current market rate on the firm's debt? Is the firm's debt risky or not? Why? TTTT Paragraph Arial 3 (12pt) - ET