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Raymond Mining Corporation has 9.0 million shares of common stock outstanding, 340,000 shares of 6 percent $100 par value preferred stock outstanding, and 153,000 7.50

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Raymond Mining Corporation has 9.0 million shares of common stock outstanding, 340,000 shares of 6 percent $100 par value preferred stock outstanding, and 153,000 7.50 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $38 per share and has a beta of 1.50, the preferred stock currently sells for $94 per share, and the bonds have 20 years to maturity and sell for 119 percent of par. The market risk premium is 7.8 percent, T-bills are yielding 3 percent, and Raymond Mining's tax rate is 36 percent. a. What is the firm's market value capital structure? (Round the final answers to nearest dollar amount.) Market value Equity Preferred stock

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