Problem 13-7 Five years ago Hemingway Inc. issued 6,000 30-year bonds with par values of $1,000 at a coupon rate of 10%. The bonds are now selling to yield 5%. The company also has 15,000 shares of preferred stock outstanding that pay a dividend of $6.50 per share. These are currently selling to yield 10%. Its common stock is selling at $21, and 200,000 shares are outstanding. Assume that the coupon payments are semi-annual. Calculate Hemingway's market value based capital structure. Round the values to the nearest dollar and the weights to two decimal places. Round PVF and PVFA values in intermediate calculations to four decimal places. Do not round other intermediate calculations Component Value Capital Structure Debt 600,000 X Preferred stock 150,000 Equity 4,200,000 Total Capital Feedback Check My Work Partially correct Check My Work Email Instructor Save and Exit Submit Assignment for Grading