Peyton's Colt Farm issued a 30-year, 7.4 percent semiannual bond 7 years ago. The bond currently sells for 89.0 percent of its face value. The company's tax rate is 35 percent. The book value of the debt issue is $100 million. In addition, the company has a second debt issue, a zero coupon bond with 10 years left to maturity; the book value of this issue is $59 million, and it sells for 57.5 percent of par.

Requirement 1:

What is the total book value of debt? (Do not include the dollar sign ($). Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)
Total book value of debt $ ______________

Requirement 2:

What is the total market value of debt? (Do not include the dollar sign ($). Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)
Total market value $ _______________

Requirement 3:

What is the after tax cost of debt? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)
After tax cost of debt % _____________