Problem 9-16 Market Value Capital Structure Suppose the Schoof Company has this book value balance sheet: Current assets $30,000,000 Current liabilities $10,0 00,000 xed assets 50,000,000 Long-term debt 30,0 00,000 Co m rn on stock (1 million shares) 1,000,000 Retained eamlngs 39,000,000 Total assets $30,000,000 Total claims 580,0 00,000 The current liabilities consist entirely.r of notes payabie to banks, and the interest rate on this debt is t, the same as the rate on new bank loans. 111ese bank loans are not used for seasonal nancing out 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 mate of 6%, and a 15year maturity. The going rate of interest on new longtam debt, rd, is 10%, and this is the present yield to maturity on the bonds. The common stock sells at a price of $53 per share. Calculate the l'Tl'l'S market value capital structure. Round your answers to two decimal places. Short-term debt Long-term debt Common equity Total capital ""96- a