In order to accurately assess the capital structure of a firm it is necessary to convert its balance sheet figures to a market value basis. KIM Corporation's balance sheet as of today is as follows: Long-term debt (bonds, at par): 544,000,000 . Preference Shares 2.000.000 Ordinary shares (510 par) 10,000,000 Retained earnings 4,000,000 The bonds have a 4.0% coupon rate, payable semiannually, and a par value of $1.000. They mature exactly 10 years from today. The yield to maturity is 12% so the bonds now sell below par. What is the current market value of the firm's debt