Question: please I want the answer with detailed explanation steps and formulas Santa Claus Enterprises has 87,000 shares of common stock outstanding at a current price

 please I want the answer with detailed explanation steps and formulas

please I want the answer with detailed explanation steps and formulas

Santa Claus Enterprises has 87,000 shares of common stock outstanding at a current price of $39 a share. The firm also has two bond issues outstanding. The first bond issue has a total face value of $230,000, pays 7.1 percent interest annually, and currently sells for 103.1 percent of face value. The second bond issue consists of 5,000 bonds that are selling for $887 each. These bonds pay 6.5 percent interest annually and mature in eight years. The tax rate is 35 percent. What is the capital structure weight of the firm's debt

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