William Enterprise is a water retailer. The market price of common stock is $40 (par value of $25/share), its cash dividend (Do) was $3.52, and the growth rate is expected to be 5.5 percent. Privately placed preferred stock has a $30 par value with a 14 percent dividend rate. The expected net proceeds from selling preferred stock will be $28 per share. Additional forty-year debt can be issued at par with an 8 percent coupon rate. Williams Enterprise marginal tax rate is 40%. Currently Williams has $40 million (market value) of bonds outstanding, $15 million (market value) of preferred stock issued, and 1.5 million shares of common stock issued.

Find ONLY the market weight (percent) of

Bond/debt

Preferred stock

Common stock/equity