Erna Corp. has 7 million shares of common stock outstanding. The current share price is $79, and the book value per share is $6. Erna Corp. also has two bond issues outstanding. The first bond issue has a face value of $70 million, has a coupon of 8 percent, and sells for 94 percent of par. The second issue has a face value of $40 million, has a coupon of 9 percent, and sells for 107 percent of par. The first issue matures in 23 years, the second in 6 years. a. What are Erna’s capital structure weights on a book value basis? (Round your answer to 4 decimal places. (e.g., 32.1616)) Equity/Value Debt/Value b. What are Erna’s capital structure weights on a market value basis? (Round your answer to 4 decimal places. (e.g., 32.1616)) Equity/Value Debt/Value c. Which are more relevant, the book or market value weights? Market value Book value