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Suppose the Schoof Company has this book value balance sheet: The notes payable are to banks, and the interest rate on this debt is 1

Suppose the Schoof Company has this book value balance sheet:
The notes payable are to banks, and the interest rate on this debt is 11%, 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 15-year maturity. The going rate of interest on new long-term debt, rd, is 11%, and this is the present yield to
maturity on the bonds. The common stock sells at a price of $56 per share. Calculate the firm's market value capital structure. Do not round intermediate
calculations. Round the monetary values to the nearest dollar and percentage values to two decimal places.
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