This morning, Ford decided to take some leverage for the very first time in the companys history. Specifically, the company just issued 3-year zero-coupon bonds with a face value of $1,000. All bonds were priced at $800. Following the issue of the bonds, the companys WACC is calculated at 10%. The companys tax rate is 35% and the required return on equity is 15%.

What fraction of the Fish Crown Incs assets is in net debt, and what fraction is in equity?

Please show work eg not excel