The Patrick Company's cost of common equity $(r_s)$ is $16\%,$ its before$-$tax cost of debt $(r_d)$ is $8\%,$ and its marginal tax rate is $20\%.$ The stock sells at $$41$ per share and bonds sell at $$900$ per bond.

$\backslash$table$[[$Assets$,,$Liabilities and Equity,$],[$Cash$,$$$100,000,,],[$Account Receivable,$$300,000,$Long$-$term debt $($par value$=$$$1000),$$$2,000,000$