Bonaime, Inc., has 7.6 million shares of common stock outstanding. The current share price is $62.60, and the book value per share is $5.60. The company also has two bond issues outstanding. The first bond issue has a face value of $71.6 million, a coupon rate of7.1 percent, and sells for 90 percent of par. The second issue has a face value of $36.6 million, a coupon rate of 8.1 percent, and sells for 89 percent of par. The first issue matures in 21 years, the second in 13 years.

b.What are the company's capital structure weights on a market value basis?(Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.)

Market value weight of equity

Market value weight of debt

Please show all of your work for your explanation.