Market Value Capital Structure

Suppose the Schoof Company has this book value balance sheet:

The notes payable are to banks, and the interest rate on this debt is $9\%,$ the same as the rate on new bank loans. These bank loans are not used for seasonal

financing but instead are part of the company's 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 $8\%,$ and a $25-$year maturity. The going rate of interest on new long$-$term debt, $rd,$ is $12\%,$ and this is the present yield to

maturity on the bonds. The common stock sells at a price of $$58$ per share. Calculate the firm's market value capital structure. Do not round intermediate

calculations. Round the monetary values to the nearest dollar and percentage values to two decimal places.