Examine the following book-value balance sheet for University Products, Inc. The preferred stock currently sells for $11 per share and the common stock for $20 per share. There are 1 million common shares outstanding.

BOOK VALUE BALANCE SHEET (all values in millions) Assets Liabilities and Net Worth Cash and short-term securities $ 2.0 Bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 7%) $ 10.0 Accounts receivable 5.0 Preferred stock (par value $10 per share) 2.0 Inventories 9.0 Common stock (par value $0.4) 0.4 Plant and equipment 21.0 Additional paid-in stockholders equity 14.6 Retained earnings 10.0 Total $ 37.0 Total $ 37.0

What is the capital structure of the firm on the basis of market values? (Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places and percentage values to 2 decimal places.)

Security Market Value Percent Bonds $ million % Preferred stock million % Common stock million % Total $ million %