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Hero Manufacturing has 7 million shares of common stock outstanding. The current share price is $73 and the book value per share is $8. The

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Hero Manufacturing has 7 million shares of common stock outstanding. The current share price is $73 and the book value per share is $8. The company also has two bond issues outstanding, both with semiannual coupons. The first bond issue has a face value $75 million and a coupon of 8 percent and sells for 98 percent of par. The second issue has a face value of $55 million and a coupon of 9 percent and sells for 107 percent of par. The first issue matures in 23 years, the second in 7 years. a. What are the company's capital structure weights on a book value basis? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 1616.) 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., .1616.)

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