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

5.6%

based on the fact that its after-tax cost of debt financing was

5

percent and its cost of equity was

7

percent. What are the firm's capital structure weights (that is, the proportions of financing that came from debt and equity)?

What is the proportion of debt financing?

enter your response here%

(Round to the nearest whole percentage.)

What is the proportion of equity financing?

enter your response here%

(Round to the nearest whole percentage.)