Book Co. has 1.7 million shares of common equity with a par(book) value of $ 1.10 and retained earnings of $ 30.7 million, and its shares have a market value of $ 51.53 per share. It also has debt with a par value of $ 18.6 million that is trading at 101 % of par.

a. What is the market value of itsequity?

b. What is the market value of itsdebt?

c. What weights should it use in computing itsWACC?