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 $11\%,$ 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 $6\%,$ and a $25-$year maturity. The going rate of interest on new long$-$term debt, rd$,$ is $11\%,$ 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.

Short$-$term debt

$\%$

Long$-$term debt

Common equity

Total capital

$