2. Construct a Market Value Balance Sheet for Trump Toppers, Inc. (TT), manufacturer of custom-made hairpieces, given the following data (FYI: There are no other liabilities or stock issues other than those mentioned below.): (parts a,b,c) a.) The company has issued $1,000 face value bonds that will mature in 7 years with a total book value of $33,000,000. The coupon rate on the bond is 6.0%, but market interest rate on similar bonds is now 4.0%. What is the market value of these bonds? b.) The company also has 8,000,000 shares of common stock outstanding. The company's earnings are expected to be $12 per share and it plans to pay out 35% of its earnings to its shareholders. With the growing popularity of fashionable cover-ups providing new expansion opportunities, the company expects that it can realize a retum on invested funds (ROE) estimated at 18% and, given the riskiness of the stock, the required rate of return is 15%. Calculate the price per share and the market value of the total equity position. c.) The book value of assets in place (plant and equipment) is $492,000,000. Indicate the value of investment opportunities. 1