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Raymond Mining Corporation has 9 . 2 million shares of common stock outstanding. 3 6 0 , 0 0 0 shares of 5 % $

Raymond Mining Corporation has 9.2 million shares of common stock outstanding. 360,000 shares of 5%$100 par value preferred stock outstanding, and 157,0007.50% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $40 per share and has a beta of 1.60, the preferred stock currently sells for $96 per share, and the bonds have 15 years to maturty and sell for 111% of par. The market risk premium is 8.0%, T-bills are ylelding 5%, and Raymond Mining's tax rate is 40%.
a. What is the firm's market value capital structure? (Enter your answers in whole dollars.)
\table[[Debt,Market value],[Equity,$17427000
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