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Book Co has 1.6 million shares of common equity with a par (book) value of $1.20, retained earnings of $29.6 million, and its shares have

Book Co has 1.6 million shares of common equity with a par (book) value of $1.20, retained earnings of $29.6 million, and its shares have a market value of $49.99 per share. It also has debt with a par value of $18.3 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?

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