Willerton Industries long term debt is comprised of 20-year $1,000 face value bonds totaling $65 million issued seven years ago at an 8% coupon rate. The bonds are now selling to yield 6%. Willertons preferred is from a single issue of $100 par value totaling $15 million, 9% preferred stock that is now selling to yield 8%. Willerton has four million shares of common stock outstanding at a current market price of $31. Calculate Willertons market value based capital structure.

Market value of debt:

______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Market value of preferred stock

____________________________________________________________________________________________________________________________________________________________

Total market values

Source of capital	amount	market value	total market value	%
Debt
Preferred stock
Equities
Total