Book Co. has 1.6 million shares of common equity with a par (book) value of $1.40, retained earnings of $31.4 million, and its shares have a market value of $49.33 per share. It also has debt with a par value of $20.7 million that is trading at 101% of par.

a. What is the market value of its equity? (round to two decimal places)

78.92

b. What is the market value of its debt? (round to two decimal places)

20.90 million

c. What weights should it use in computing its WACC? (round to two decimal places)

The debt weight for the WACC calculation is ____ %

Just need help with C.

Thank you!