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(Capiral structure weights) Wingate Metal Products, Inc. sells materials to contractors who construct metal warehouses, storago buidings, and other structures. The firm has estimated its

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(Capiral structure weights) Wingate Metal Products, Inc. sells materials to contractors who construct metal warehouses, storago buidings, and other structures. The firm has estimated its weighted average cost of capital to be 6.6% basod on the fact that its after-tax cost of debt financing was 6 percent and its cost of equafy was 9 percent. What are the firm's capital structure weights (that is, the proporfons of financing that carne from debt and equity)? What is the proportion of debt financing? (Round to the nearest whole percentago.) What is the proportion of equity financing? (Round to the nearest whole percentage.)

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