Book Co. has

1.2

million shares of common equity with a par (book) value of

$1.40,

retained earnings of

$30.2

million, and its shares have a market value of

$50.68

per share. It also has debt with a par value of

$20.2

million that is trading at

101%

of par.

a. What is the market value of its equity? (round 2 decimals)

b. What is the market value of its debt? (round 2 decimals)

c. What weights should it use in computing its WACC?

The debt weight for the WACC calculation is

nothing%.

(Round to two decimal places.)

The equity weight for the WACC calculation is

nothing%.

(Round to two decimal places.)