Jiminy’s Cricket Farm issued a bond with 20 years to maturity and a semiannual coupon rate...

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Jiminy’s Cricket Farm issued a bond with 20 years to maturityand a semiannual coupon rate of 5 percent 2 years ago. The bondcurrently sells for 96 percent of its face value. The company’s taxrate is 21 percent. The book value of the debt issue is $55million. In addition, the company has a second debt issue on themarket, a zero coupon bond with 8 years left to maturity; the bookvalue of this issue is $30 million, and the bonds sell for 67percent of par.
a.
What is the company’s total book value of debt? (Enteryour answer in dollars, not millions of dollars, e.g.1,234,567.)
b. What is the company’s total market value of debt?(Enter your answer in dollars, not millions of dollars,e.g. 1,234,567.)
c. What is your best estimate of the aftertax cost of debt?(Do not round intermediate calculations and enter youranswer as a percent rounded to 2 decimal places, e.g.,32.16.)
I know a. is 85,000,000 and b. is 72,900,000 but I can't figureout c.

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Jiminy’s Cricket Farm issued a bond with 20 years to maturityand a semiannual coupon rate of 5 percent 2 years ago. The bondcurrently sells for 96 percent of its face value. The company’s taxrate is 21 percent. The book value of the debt issue is $55million. In addition, the company has a second debt issue on themarket, a zero coupon bond with 8 years left to maturity; the bookvalue of this issue is $30 million, and the bonds sell for 67percent of par.a.What is the company’s total book value of debt? (Enteryour answer in dollars, not millions of dollars, e.g.1,234,567.)b.What is the company’s total market value of debt?(Enter your answer in dollars, not millions of dollars,e.g. 1,234,567.)c.What is your best estimate of the aftertax cost of debt?(Do not round intermediate calculations and enter youranswer as a percent rounded to 2 decimal places, e.g.,32.16.)I know a. is 85,000,000 and b. is 72,900,000 but I can't figureout c.

a.	What is the company’s total book value of debt? (Enteryour answer in dollars, not millions of dollars, e.g.1,234,567.)
b.	What is the company’s total market value of debt?(Enter your answer in dollars, not millions of dollars,e.g. 1,234,567.)
c.	What is your best estimate of the aftertax cost of debt?(Do not round intermediate calculations and enter youranswer as a percent rounded to 2 decimal places, e.g.,32.16.)