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Filer Manufacturing has 10.6 million shares of common stock outstanding. The current share price is $52, and the book value per share is $6. Filer

Filer Manufacturing has 10.6 million shares of common stock outstanding. The current share price is $52, and the book value per share is $6. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $88 million, has a 9 percent coupon, and sells for 93 percent of par. The second issue has a face value of $66.78 million, has a 9 percent coupon, and sells for 96.3 percent of par. The first issue matures in 10 years, the second in 6 years.

(a)

What is Filer's capital structure weight of equity on a market value basis? (Do not round your intermediate calculations.)

(b)

What is Filer's capital structure weight of debt on a market value basis?

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