Dinklage Corporation has 12.1 million shares of common stock outstanding. The current share price Is $50, and the book value per share is $4. The company also has two bond issues outstanding. The first bond issue has a face value of $102 million, has a 8 percent coupon, and sells for 95 percent of par. The second issue has a face value of $77.44 million, has a 8 percent coupon, and sells for 99.4 percent of par. The first issue matures
in 10 years, the second in 6 years.
What is the company's capital structure weight of equity on a book value basis?