17 A company's debt is publicly traded and was recently quoted at 85% of face value. The market value of the company's equity is $27,200,000. The book values of the company's debt and equity are $8,000,000 and $24,000,000, respectively. Assume you were calculating the WACC for this company. For the company's capital structure weights, what weighting woud you use for debt financing? nts 01:19:34 Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. Numeric Response