Suppose the Schoof Company has this book value balance sheet:

Assets	Amount	Liabilities & Capital	Amount
Current assets	$ 30,000,000	Current Liabilities	$ 20,000,000
		Notes Payables	10,000,000
		Long-term debt	30,000,000
Fixed assets	70,000,000	Common Stock ( I million shares)	1,000,000
		Retained earnings	39,000,000
Total assets	$100,000,000	Total liabilities and equity	$ 100,000,000

The notes payables are 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%, and this is the present yield to maturity on the bonds. The common stock sells at a price of $ 60 per share. Calculate the firm's market value capital structure.