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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 percent of par.

What are the firm's current capital structure weights?(Do not round intermediate calculations. Round your answers to 2 decimal places.)

Weight of Equity

Weight of Debt

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