A firm has provided the following information about its current capital structure: Debt: The firm just issued an 8-year, $1,000 par value, 6 percent (paid semi-annually) coupon bond. The current market price of the bond is $985, and there are 1,000 bonds outstanding. The firm has a marginal tax rate of 36 percent. Common Stock: The firm's common stock is currently selling for $92 per share, and there are 7,138 shares outstanding. The most recent dividend paid was $9. Dividends are expected to grow at a constant 5% rate indefinitely. Given the information above, calculate the following (show your work and inputs for partial credit):
[8 points] Calculate the weights of debt and equity, wd and ws.