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Book Co. has 1.8 million shares of common equity with a par (book) value of $1.40, retained earnings of $31.1 million, and its shares have

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Book Co. has 1.8 million shares of common equity with a par (book) value of $1.40, retained earnings of $31.1 million, and its shares have a market value of $49.07 per share. It also has debt with a par value of $21.8 million that is trading at 102% 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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