1)(1 point) FMA Inc. has a market capitalization of $4.8 million and book equity of $1.2 million.The common stock is expected to pay a dividend of $3 per share next year, and the dividend growth rate is 3% per year.The firm has 75,000 shares of stock outstanding.They have market value of debt of $2 million.The value of debt on the balance sheet is $1.8 million.The semiannual bonds have a coupon rate of 8% and a yield to maturity of 6%.The tax rate is 40%.There is no preferred stock. What is the capital structure weight of equity?