Wingate Metal Products, Inc sells materials to contractors who construct metal warehouses, storage buildings and other structures. The firm has estimated its weighted average cost of capital to be 8.2% based on the fact that its after-tax cost of debt financing was 9 percent and its cost of equity was 7 percent. What are the firms capital structure weights (that is, the proportions of financing that came from debt and equity)?

What is the proportion of debt financing?