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B Book Co. has 1.7 million shares of common equity with a par (book) value of $1.15, retained earnings of $31.6 million, and its shares

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B Book Co. has 1.7 million shares of common equity with a par (book) value of $1.15, retained earnings of $31.6 million, and its shares have a market value of $48.73 per share. It also has debt with a par value of $20.2 million that is trading at 102% 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

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