What is the firm market value

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A firm has the following book-value balance sheet; Debt =$ 7 ,000, Common Stock ($1 par)= 655 and Retained Earnings = $ 24 ,000. The book value of assets is the total of Debt, Common Stock and Retained Earnings. The firm's bonds are currently selling for $ 1,235 and the firm's stock is currently selling for $ 35. The firm's tax rate is 22. What is the firm's market value? Show your answer to the nearest $1. Do not use commas or the $ sign in your answer.

Reference no: EM131838109

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