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Problem32 points) Novanta Company (NC) has only bond and equity in its capital structure. The company has 100,000 common stocks outstanding and just paid $4

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Problem32 points) Novanta Company (NC) has only bond and equity in its capital structure. The company has 100,000 common stocks outstanding and just paid $4 per share dividends. The dividends are expected to grow at a constant rate of 5 percent per year forever. The required rate of return on equity is 9.14 percent. The company also has bond issues with a total face value of $18,000,000, where each bond has a face value of $1,000. The bonds are selling at 112 percent of the face value. What is the market value of debt in NC's capital structure? What is the market value of equity in NC's capital structure? Show your work

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