2)

Book Co. has 1.9 million shares of common equity with a par (book) value of $1.45, retained earnings of $28.2 million, and its shares have a market value of $50.71 per share. It also has debt with a par value of $21.5 million that is trading at 101% 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? . a. What is the market value of its equity? The market value of the equity is $ million. (Round to two decimal places.)