Jiminy's Cricket Farm issued a 30-year, 7.4 percent semiannual bond 5 years ago. The bond currently sells for 87 percent of its face value. The book value of this debt issue is $104 million. In addition, the company has a second debt issue, a zero coupon bond with 8 years left to maturity; the book value of this issue is $63 million, and it sells for 59.5 percent of par. The company’s tax rate is 40 percent.

What is the total book value of debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)

Total book value of debt            $

What is the total market value of debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)

Total market value            $

What is the aftertax cost of the 7.4 percent coupon bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Aftertax cost of debt             %

What is the aftertax cost of the zero coupon bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Aftertax cost of debt             %

What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Aftertax cost of debt             %