Book Co. has 1.2 million shares of common equity with a par (book) value of $1.20, retained earnings of $28.8 million, and its shares have a market value of $49.65 per share. It also has debt with a par value of $20.5 million that is trading at 101% 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