Jones and jones has 85,000 shares of common stock outstanding at a price of $62 a share. they also have 10,000 shares of preferred stock outstanding at a price of $85 a share. the firm has 8 percent, 20-year bonds outstanding with a total face value of $10 million. the bonds are currently quoted at 101 percent of face value. the bonds pay interest semiannually. what is the capital structure weight of the firm's debt if the tax rate is 35 percent? a. 32.00 percent b. 36.16 percent c. 40.48 percent d. 51.75 percent e. 62.27 percent

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?