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Suppose that Papa Bell, Inc.'s equity is currently selling for $56 per share, with 4.1 million shares outstanding. Assume the firm also has 18,000 bonds

Suppose that Papa Bell, Inc.'s equity is currently selling for $56 per share, with 4.1 million shares outstanding. Assume the firm also has 18,000 bonds outstanding, and they are selling at 95% of par. What are the firm's current capital structure weights?

Equity ? %

Debt ? %

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