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Suppose that Papa Bell, Inc.s, equity is currently selling for $50 per share, with 3.5 million shares outstanding. Assume the firm also has 12,000 bonds

Suppose that Papa Bell, Inc.s, equity is currently selling for $50 per share, with 3.5 million shares outstanding. Assume the firm also has 12,000 bonds outstanding, and they are selling at 94 percent of par. What are the firms current capital structure weights? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Capital structure weights

Equity %

Debt %

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