3 MV Corporation has debt with market value of $103 million, common equity with a book value of $103 million, and preferred stock worth $17 million outstanding. Its common equity trades at $50 per share, and the firm has 7 million shares outstanding. What weights should MV Corporation use in its WACC? The weight of debt for the WACC calculation is %. (Round to two decimal places.)

MV Corporation has debt with market value of $103 million, common equity with a book value of $103 million, and preferred stock worth $17 million outstanding. Its common equity trades at $50 per share, and the firm has 7 million shares outstanding. What weights should MV Corporation use in its WACC? The weight of debt for the WACC calculation is \%. (Round to two decimal places.)