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Market value of equity and annual sales

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I am having a problem answering the following two questions.. can any one please help me???

(Complete problem found in attachment)

Morgan Inc (MI) bonds pay $110 annually, have 6 years until they mature and have a YTM of 9%. Book value of the bonds is $6.5 million. D/E ratio is 1.6. What is the market value of the equity?

What are the annual sales for a firm with $400,000 in debt, a total debt ratio of .4, and an asset turnover of 3.0?

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Solution Summary

The solution has two problems dealing with the calculation of market value of equity and total annual sales.