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A company is worth $600 MM today. The capital structure, in the order of preference, is as follows: Zero-coupon debt of $10 MM face value,

A company is worth $600 MM today. The capital structure, in the order of preference, is as follows:

Zero-coupon debt of $10 MM face value, currently yielding 5% to maturity (which is in two year's time)

50,000 Series B preferred shares, participating with a limit of three times the face value, face value of $1,000 per share, face value of $1,000, 6% cumulative dividend rate, issued two years ago

50,000 Series A preferred shares, participating, face value of $500 per share, 8% cumulative dividend rate, issued three years ago

100,000 common shares

Additionally, the venture debt has a total of 50,000 warrants associated with it, with each warrant giving the debt holder the right to purchase one common share at a price of $500 per share. The warrants can be exercised today.

If redeemed, the preferential proceeds to each category of shares will equal their face values plus any declared but unpaid dividends. No dividend has ever been pain in the company's history on any share. If the company is liquidated today, calculate the total proceeds to be received by each category of shares.

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