KRJ International's balance sheet shows long-term debt with a book value of $122 million and the company's bonds are currently trading at 110% of their par value with a yield to maturity of 6%. The company's footnotes also reported that that firm was a heavy user of leases with future lease obligations averaging $57 million per year over the next 8 years. What should be the total amount of debt (in $ millions rounded to one decimal place, e.g., 234.5) used to determine the weight of debt in the WACC calculation?

Answer rating: 100% (QA)

To determine the total amount of debt used to calculate the weight of debt in the Weighted Average C... View the full answer