Book Co. has 2 million shares of common equity with a par (book) value of \($5\), retained earnings of \($30\) million, and its shares have a market value of \($25\) per share. It also has debt with a par value of \($40\) million that is trading at 105% of par.

a. What is the market value of its equity?

b. What is the market value of its debt?

c. What weights should it use in computing its WACC?