Current Assets $15,000,000 Fixed Assets $50,000,000 Total Assets $65,000,000 Current Liabilities $10,000,000 Long-Term Debt $15,000,000 Total Liabilities $25,000,000 Common Stock (1 million shares) $1,000,000 Retained Earnings $39,000,000 Total SH Equity $40,000,000 Total Liabilities & SH Equity $65,000,000 Calculate Market Value Capital Structure Suppose company has this book value balance sheet: Current Assets: $15 million Fixed Assets: $50 million Total Assets: $65 million Current Liabilities: $10 million Long-Term Debt: $15 million Common Equity: Common Stock (1 million shares): $1 million Retained Earnings: $39 million Total claims: $65 million The current liabilities consist entirely of notes payable to banks, and the interest rate on this debt is 6%, the same as the rate on new bank loans. The long-term debt consists of 15,000 bonds, each of which has a par value of $1,000, carries an annual coupon interest rate of 10%, and matures in 20 years. The going rate of interest on new long-term debt, rd, is 6%, 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