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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

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 7.4% based on the fact that its after-tax cost of debt financing was 5 percent and
its cost of equity was 9 percent. What are the firm's capital structure weights (that is, the
proportions of financing that came from debt and equity)?
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