(Solved): Jiminy's Cricket Farm issued a 16year, 6 percent semiannual coupon bond 2 years ago. The bond cu ...

Jiminy's Cricket Farm issued a 16year, 6 percent semiannual coupon bond 2 years ago. The bond currently sells for 91 percent of its face value. The company's tax rate is 38 percent. The book value of the debt issue is $\$40$ million. In addition, the company has a second debt issue, a zero coupon bond with 11 years left to maturity; the book value of this issue is $\$30$ million, and the bonds sell for 50 percent 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 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.)