1) Compute the weight of common equity that should be used in the firm's WACC calculation if the market value of the firm's debt is $58 million, the market value of the firm's preferred stock is $7 million and the market value of the firm's common equity is $111 million. Enter your answer as a decimal (i.e. 0.54)

2) Here are the U.S. tax rates and their corresponding tax brackets based on filing status for single individuals (i.e. not corporations)

If taxable income is:	Then income tax equals:
Not over $9,875	10% of the taxable income
Over $9,875 but not over $40,125	$987.50 plus 12% of the excess over $9,875
Over $40,125 but not over $85,525	$4,617.5 plus 22% of the excess over $40,125
Over $85,525 but not over $163,300	$14,605.5 plus 24% of the excess over $85,525
Over $163,300 but not over $207,350	$33,271.5 plus 32% of the excess over $163,300
Over $207,350 but not over $518,400	$47,367.5 plus 35% of the excess over $207,350
Over $518,400	$156,235 plus 37% of the excess over $518,400

Layla's taxable income for 2019 was $176,922. How much are her federal income taxes to the nearest dollar? Do not enter $ sign or thousands comma -> 1000 and not $1,000