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Book Co. has 1.4 million shares of common equity with a par (book) value of $1.50, retained earnings of $29.2 million, and its shares have

Book Co. has 1.4 million shares of common equity with a par (book) value of $1.50, retained earnings of $29.2 million, and its shares have a market value of $50.22 per share. It also has debt with a par value of $20.9 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?

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