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Suppose that Lil John Industries' equity is currently selling for $47 per share and that 3.0 million shares are outstanding. Assume the firm also has

Suppose that Lil John Industries' equity is currently selling for $47 per share and that 3.0 million shares are outstanding. Assume the firm also has 40,000 bonds outstanding, and they are selling at 102 percent of par. What are the firm's current capital structure weights?

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