Examine the following book-value balance sheet for University Products, Inc. The preferred stock currently sells for $15 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 $ 1.0 Bonds, coupon = 8%, paid annually (maturity = 10 years, current yield to maturity = 9%) $ 10.0 Accounts receivable 3.0 Preferred stock (par value $20 per share) 2.0 Inventories 7.0 Common stock (par value $.10) .1 Plant and equipment 21.0 Additional paid-in stockholders