Raymond Mining Corporation has 10

Raymond Mining Corporation has 10.0 million shares of common stock outstanding, 440,000 shares of 4% $100 par value preferred stock outstanding, and 173,000 7.50% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $48 per share and has a beta of 1.50, the preferred stock currently sells for $97 per share, and the bonds have 10 years to maturity and sell for 115% of par. The market risk premium is 8.8%, T-bills are yielding 5%, and Raymond Mining’s tax is 40%. a. What is the firm’s market value capital structure? (Enter your answers in whole dollars.) Market value Debt $ Equity $ Preferred stock $