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Market Value Capital Structure Suppose the Schoof Company hasthis book value balance sheet:Current assets $30,000,000Current liabilities $20,000,000Fixed assets 70,000,000Notes payable $10,000,000Long-term debt 30,000,000Common stock (1 million shares) 1,000,000Retained earnings 39,000,000Total assets $100,000,000Total liabilities and equity $100,000,000The notes payable are to banks, and the interest rate on thisdebt is 11%, the same as the rate on new bank loans. These bankloans are not used for seasonal financing but instead are part ofthe company's permanent capital structure. The long-term debtconsists of 30,000 bonds, each with a par value of $1,000, anannual coupon interest rate of 7%, and a 15-year maturity. Thegoing rate of interest on new long-term debt, rd, is 10%, and thisis the present yield to maturity on the bonds. The common stocksells at a price of $68 per share.Calculate the firm's market value capital structure. Do notround intermediate calculations. Round your answers to two decimalplaces.Short-term debt $ %Long-term debtCommon equityTotal capital $ %