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A CFO is trying to determine her firms capital structure. The firm has the following simplified balance sheet: Balance Sheet: Long-term debt: $5,578,868.00 Shareholder Equity:

A CFO is trying to determine her firms capital structure. The firm has the following simplified balance sheet:

Balance Sheet:

Long-term debt: $5,578,868.00

Shareholder Equity: $5,831,901.00

An analyst has estimated that the debt trades at 98.00% of book value, while the market to book ratio for the common stock is 1.17. What is the weight in debt for the firm?

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