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(Defining capital structure weights) In August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was as follows:

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(Defining capital structure weights) In August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was as follows: Book Value ($ Millions) Short-term debt Long-term debt Common equity Total capital $2,550 4,343 8,097 $14,990 Market Value $2,550 4,343 35,698 $42,591 (Click on the icon in order to copy its contents into a spreadsheet.) What weights should Emerson use when computing the firm's weighted average cost of capital? The appropriate weight of debt, wd, is %. (Round to one decimal place.)

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