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Saint Nick Enterprises has 16,100 shares of common stock outstanding at a price of $62 per share. The company has two bond issues outstanding. The

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Saint Nick Enterprises has 16,100 shares of common stock outstanding at a price of $62 per share. The company has two bond issues outstanding. The first issue has 10 years to maturity, a par value of $1,000 per bond, and sells for 95.5 percent of par. The second issue matures in 24 years, has a par value of $2,000 per bond, and sells for 103 percent of par. The total face value of the first issue is $180,000, while the total face value of the second issue is $280,000. What is the capital structure weight of debt? Multiple Choice O .1977 O .2878 O 3609 O .3874 3156 O

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