In order to accurately assess the capital structure of a firm, it is necessary to convert its balance sheet figures to a market value basis.KJM Corporation's balance sheet as of January 1, 2010 is as follows: 
The bonds have a 4 percent coupon rate, payable semiannually, and a par value of $1,000.They mature on January 1, 2020.The yield to maturity is 12 percent, so the bonds now sell below par.What is the current market value of the firm's debt?
Definitions:
Unit Product Cost
The total cost associated with producing one unit of a product, calculated by dividing the total production costs by the number of units produced.
Overhead Applied
The portion of overhead costs allocated to individual products or services based on a predetermined rate.
Machine-Hours
An evaluation of manufacturing productivity or action determined by how long equipment is running.
Total Job Cost
The total expense attributed to producing a specific job, including materials, labor, and overhead costs.
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