Bea Kerr is an analyst in the treasurer's office at MupetLabs Inc. Mr. Kerr needs your help to estimate the market value weights for MupetLabs' cost of capital. MupetLabs has long-term bonds outstanding, preferred shares outstanding and common shares. Selected information for each of the securities is provided in the table below.

Long-term Debt	Preferred Shares	Common Shares
$20 million face value	1.1 million shares outstanding	5.1 million shares outstanding
Coupon rate=4.5%	Face value=$5 per share	Market price of share=$26
Annual coupons	Dividend rate (annual)=7%
Time to maturity=12 years	Equivalent preferred shares yield 8%
YTM=9%

a.What is the market value of long-term debt?

b.What is the market value of preferred shares?

c.What are the capital structure weights for MupetLabs Inc.?