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A firms book value of equity is $10 million. The book value of debt is $50 million with long-term debt accounting for 60% and short-term

A firms book value of equity is $10 million. The book value of debt is $50 million with long-term debt accounting for 60% and short-term debt accounting for 40%. The firms stock is traded at $10 per share with $10 million shares outstanding. What is the weight of equity to be used in the calculation of WACC?

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