Question: Answer without excel pls. For a school project, you have been asked to examine the capital structure for Chocalatety Donuts Incorporated. After research, you find

Answer without excel pls.

For a school project, you have been asked to examine the capital structure for Chocalatety Donuts Incorporated. After research, you find the following:

Financial Information: Value:
Shareholder equity $240.00 million
# of shares outstanding 65.50 million
Price per share $18.25
Book value of debt $50.00 million
Market value of debt 90.00% of face value

What is the weight in debt?

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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