Book Co. has 1.5 million shares of common equity with a par (book) value of $1.15, retained earnings of $31.5 million, and its shares have a market value of $48.25 per share. It also has debt with a par value of $21.6 million that is trading at 103% 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? a. What is the market value of its equity? The market value of the equity is $ million. (Round to two decimal places.) b. What is the market value of its debt? The market value of the debt is $ million. (Round to two decimal places.) c. What weights should it use in computing its WACC? The debt weight for the WACC calculation is %. (Round to two decimal places.) The equity weight for the WACC calculation is %. (Round to two decimal places.)