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(Related to Checkpoint? 15.1)???(Calculating capital structure?weights)??Winchell Investment Advisors is evaluating the capitalstructure of Ojai Foods. ? Ojai's balance sheet indicates that thefirm has ?$48.26 million in total liabilities. Ojai has only?$40.15 million in? short- and? long-term debt on its balancesheet. ? However, because interest rates have fallen dramaticallysince the debt was? issued, Ojai's? short- and? long-term debt hasa current market price that is 10 percent over its book value or?$44.17 million. The book value of? Ojai's common equity is ?$49.77million but the market value of the equity is currently ?$99.72million.b.??What is? Ojai's debt-to-enterprise-value ratio calculatedusing the market values of the? firm's debt and equity and assumingexcess cash is? zero?c.??If you were trying to describe? Ojai's capital structure toa potential lender? (i.e., a? bank), would you use the?book-value-based debt ratio or the? market-value-baseddebt-to-enterprise-value? ratio?