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The Oriole Products Co . currently has debt with a market value of $ 2 7 5 million outstanding. The debt consists of 9 percent

The Oriole Products Co. currently has debt with a market value of $275 million outstanding. The debt consists of 9 percent coupon bonds (semiannual coupon payments) that have a maturity of 15 years and are currently priced at $1429.26 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $14.00 per share. The preferred shares pay an annual dividend of $1.20. Oriole also has 14 million shares of common stock outstanding with a price of $20.00 per share. The firm is expected to pay a $2.20 common dividend one year from today, and that dividend is expected to increase by 4 percent per year forever. if Oriole is subject to a 28 percent marginal tax rate. Calculate the weights of debt, common equity, and preferred equity

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