25. The following information pertains to the capital structure of a firm: (Problem 8)

Debt: One thousand bonds with a face value of $1,000 and a 10-year term were issued three years ago with a coupon rate of 10%. Today the bonds are selling to yield 10%.

Preferred stock: Ten thousand shares of preferred stock are outstanding with a $9 annual dividend and a $100 face value. Today the shares are selling to yield a 9% return.

Common equity: 100 thousand shares of common stock are outstanding at a current market price of $30 per share.

Develop the firm's market-value based capital structure.