Ruskin has the following balance sheet:

Current assets $30,000,000, Current liabilities $10,000,000, Fixed assets 60,000,000, Long-term debt 25,000,000, Common stock (1 million shares) 1,000,000, Retained earnings 39,000,000, Preferred Stock 15,000,000, 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 companys 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 12%.The Preferred stock market value remains unchanged. The common stock currently sells at a price of $70 per share. The Market value of bonds is 40m. . Required rate of return of common stockholders is 13% and preferred stockholders is 7%. Calculate the firms book value and market value capital structure. Also find Wacc using book value weights and market value weights.

Note: Please solve using a financial calculator. Do it manually. Show workings. Do not use Excel!