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 $8\%,$ 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 $20-$year maturity. The going rate of interest on new long$-$term debt, $r_d,$ is $10\%,$ and this is the present yield to maturity on the bonds. The common stock sells

at a price of $$50$ 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