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A CFO is trying to determine her firm's capital structure. The firm has the following simplified balance sheet: Balance Sheet: Long-term debt: $5,922,079.00 Shareholder Equity:

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A CFO is trying to determine her firm's capital structure. The firm has the following simplified balance sheet: Balance Sheet: Long-term debt: $5,922,079.00 Shareholder Equity: $5,747.705.00 An analyst has estimated that the debt trades at 102.00% of book value, while the market to book ratio for the common stock is 1.05. What is the weight in debt for the firm? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)

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