Q2. Ruskin has the following balance sheet: Current assets $30,000,000 Current liabilities $10,000,000 Fixed assets 60,000,000 Long-term debt 30,000,000 Common stock (1 million shares) 1,000,000 Retained earnings 39,000,000 Preferred Stock 10,000,000 Total assets $90,000,000 Total claims $90,000,000 The current liabilities consist entirely of notes payable to banks, and the interest rate on this debt is 10%, 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 6%, and a 20-year maturity. The going rate of interest on new long-term debt, rd., is 10%.The Preferred stock market value remains unchanged. The common stock currently sells at a price of $60 per share. The Market value of bonds is 35m. Required rate of return of common stockholders is 12% and preferred stockholders is 8%. Calculate the firm's book value and market value capital structure. Also find Wacc using book value weights and market value weights