Question: Please find the question below. Please show steps to achieve answer. Suppose the Schoof Company has this book value balance sheet: Current assets $30,000,000 Fixed

Please find the question below. Please show steps to achieve answer.

Suppose the Schoof Company has this book value balance sheet: Current assets $30,000,000 Fixed assets ?0,000,000 Total assets The notes payable 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 nancing but instead are part of the company's permanent capital structure. The longterm debt consists of 30,000 bonds, each with a par value of $1,000, an annual coupon interest rate of 8%, and a 25year maturity. The going rate of interest on ney.I longterm debt, rd, is 12%, and this is the present yield to maturity on the bonds. The common stock sells at a price of $52 per share. Calculate the rm's market value capital s'o'ucture. Do not round intermediate calculations. Round the monetary values to the nearest dollar and percentage values to two decimal places. Shortterm debt :1; Longterm debt Common equity $100,000,000 Current liabilities $20,000,000 Notes payable 10,000,000 Longterm debt 30,000,000 Common stock {1 million shares) 1,000,000 Retained earnings 39,000,000 Total liabilities and equity $100,000,000 Total capital 1
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