Bonaime, Inc., has $2$ million of common stock outstanding. The current share price is $$65,$ and the book value per share is $$70.$ The company also has two bond issues outstanding. The first bond issue has a face value of $$50$ million, a coupon rate of $7$ percent, and sells for $95$ percent of par. The second issue has a face value of $$80$ million, a coupon rate of $5\mathrm{.}8$ percent, and sells for $97$ percent of par. The first issue matures in $20$ years, the second in $12$ years. What are the company's capital structure weights on a book value basis?

Weight equity $=52\%,$ Weight debt $=48\%$

Weight equity $=65\%,$ Weight debt $=35\%$

Weight equity $=61\%,$ Weight debt $=39\%$

Weight equity $=56\%,$ Weight debt $=44\%$