Bea Kerr is an analyst in the treasurer's office at MupetLabs Inc. Mr. Kerr needs your help to estimate the market value weights for MupetLabs' cost of capital. MupetLabs has long-term bonds outstanding, preferred shares outstanding and common shares. Selected information for each of the securities is provided in the table below. Long-term Debt $15 million face value Coupon rate = 4% Annual coupons Time to maturity = 11 years YTM = 5% Preferred Shares 1.4 million shares outstanding Face value = $5 per share Dividend rate (annual) = 7% Equivalent preferred shares yield 6% Common Shares 5.3 million shares outstanding Market price of share = $21 a. What is the market value of long-term debt? b. What is the market value of preferred shares? c. What are the capital structure weights for MupetLabs Inc.? a. What is the market value of long-term debt? million (Round to two decimal places.) b. What is the market value of preferred shares? $million (Round to two decimal places.) c. What is the weight of debt in MupetLabs' capital structure? % (Round to two decimal places.) What is the weight of preferred stock in MupetLabs' capital structure? % (Round to two decimal places.) What is the weight of common equity in MupetLabs' capital structure? 1% (Round to two decimal places.)