Book Co. has

1.8

million shares of common equity with a par (book) value of

$1.30,

retained earnings of

$28.3

million, and its shares have a market value of

$48.87

per share. It also has debt with a par value of

$18.1

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?