Markum Co. has a value of $30 million. Carter is otherwise identical to Markum Co., but has $12 million in debt. Suppose that both firms are growing at a rate of 6%, the corporate tax rate is 39%, the cost of debt is 7%, and Markums cost of equity is 15% (assume rsUrsU is the appropriate discount rate for the tax shield).

Use the Modigliani and Miller theory extension for growth to complete the following table. (Note: Round all final answers to two decimal places.)

	Markum Co.	Carter Co.
Value of the firm	$30 million
Value of the stock	$30 million
Cost of equity	15%