what is the market value if thr preferred stock? the rate of return on the preferred stock is 4.28%

$66 million 15% 77% Consider the following company, Book Value of Debt IYTM Coupon Coupon Payments Years Corporate Tax Rate of Preferred Shares Price of Preferred Share Dividend per Preferred Shares of Common Shares Price of Common Share B of Common Stock Risk-Free Rate Market Return semi-annually 20 38% 1.5 million $29 $1.24 3.5 million $18 0.9 3% 14% What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACE Enter your response below. 82.57 Correct response: 82.57+0.03 million