Market Value Capital Structure -Suppose the Schoof Company has this book value balance sheet:

Current Assets	$30,000,000	Current Liabilities	$20,000,000
		Notes Payable	10,000,000
Fixed Assets	70,000,000	Long-term Debt	30,000,000
		Common Stock (1 million shares)	1,000,000
		Retained earnings	39,000,000
Total Assets	$100,000,000	Total Liabilities and Equity	$100,000,000

The notes payable are to banks, and the interest rate on this debt is 10%, the same as the rate on new bank loans. These bank loans are not used for seasonal financing but instead are part of the companys permanent capital structure. The long-term debt consists of 30,000 bonds, each with a par value of $1,000, an annual coupon interest rate of 6%, and a 20-year maturity. The going rate of interest on new long-term debt, rd, is 10%, and this is the present yield to maturity on the bonds. The common stock sells at a price of $60 per share. Calculate the firms market value capital structure.