Book Co. has 1.3 million shares of common equity with a par (book) value of $1.20, retained earnings of $31.3 million, and its shares have a market value of $48.73 per share. It also has debt with a par value of $21.6 million that is trading at 104% 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