Jiminy’s Cricket Farm issued a bond with 30 years to maturity and a semiannual coupon rate...

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Jiminy’s Cricket Farm issued a bond with 30 years to maturityand a semiannual coupon rate of 4 percent 2 years ago. The bondcurrently sells for 107 percent of its face value. The company’stax rate is 21 percent. The book value of the debt issue is $60million. In addition, the company has a second debt issue on themarket, a zero coupon bond with 10 years left to maturity; the bookvalue of this issue is $35 million, and the bonds sell for 76percent of par. a. What is the company’s total book value of debt?(Enter your 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 ofdebt? (Do not round intermediate calculations and enter your answeras a percent rounded to 2 decimal places, e.g., 32.16.) find totalbook value total market value cost of debt

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Jiminy’s Cricket Farm issued a bond with 30 years to maturityand a semiannual coupon rate of 4 percent 2 years ago. The bondcurrently sells for 107 percent of its face value. The company’stax rate is 21 percent. The book value of the debt issue is $60million. In addition, the company has a second debt issue on themarket, a zero coupon bond with 10 years left to maturity; the bookvalue of this issue is $35 million, and the bonds sell for 76percent of par. a. What is the company’s total book value of debt?(Enter your 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 ofdebt? (Do not round intermediate calculations and enter your answeras a percent rounded to 2 decimal places, e.g., 32.16.) find totalbook value total market value cost of debt