Book Co. has 1.7 million shares of common equity with a par (book) value of $1.30, retained earnings of $28.5 million, and its shares have a market value of $49.67 per share. It also has debt with a par value of $19.6 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?