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Andyco, Inc., has the following balance sheet and an equity market-to-book ratio of 1.4. Assuming the market value of debt equals its book value, what

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Andyco, Inc., has the following balance sheet and an equity market-to-book ratio of 1.4. Assuming the market value of debt equals its book value, what weights should it use for its WACC calculation? Assets Liabilities & Equity $1,080 Debt Equity $470 $610 The debt weight for the WACC calculation is %. (Round to two decimal places.)

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