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Dinklage Corp. has 12.1 million shares of common stock outstanding. The current share price is $54, and the book value per share is $5. The

Dinklage Corp. has 12.1 million shares of common stock outstanding. The current share price is $54, and the book value per share is $5. The company also has two bond issues outstanding. The first bond issue has a face value of $108 million, has a 8 percent coupon, and sells for 93 percent of par. The second issue has a face value of $71.39 million, has a 8 percent coupon, and sells for 96.7 percent of par. The first issue matures in 11 years, the second in 5 years. What is the company's capital structure weight of equity on a book value basis?

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