You've been hired as an analyst for JB Spy Company. They would like you to provide them a current view of their capital structure in other words what is the weights that would be used in a WACC formula?) given the following information: stock price in the market currently is $54 bonds have a par value of $1,000 tax rate is 35% number of shares of stock outstanding is 200,000 number of bonds issued and outstanding is 9,000 bonds are currently selling at 98 in the market they pay dividends of $2.00 per year the market premium is currently 7% What weights should be used for the WACC formula? 60% debt: 40% equity 45% debt: 55% equity 30% debt: 70% equity There's too much information in the problem--can't be solved........... 35% debt; 65% equity