Filer Manufacturing has 10.1 million shares of common stock outstanding
Filer Manufacturing has 10.1 million shares of common stock outstanding. The current share price is $53, and the book value per share is $3. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $85 million, has a 7 percent coupon, and sells for 94 percent of par. The second issue has a face value of $61.61 million, has a 7 percent coupon, and sells for 98.4 percent of par. The first issue matures in 10 years, the second in 6 years.Requirement 1:(a)What is Filer’s capital structure weight of equity on a book value basis? (Do not round your intermediate calculations.)(b)What is Filer’s capital structure weight of debt on a book value basis? (Do not round your intermediate calculations.)Requirement 2:(a)What is Filer’s capital structure weight of equity on a market value basis? (Do not round your intermediate calculations.)(b)What is Filer’s capital structure weight of debt on a market value basis? (Do not round your intermediate calculations.)