. (Defining capital structure weights) In August of 2015 the capital structure of the Jefferson Corporation (measured in book and market values) appeared as follows: (Thousands of dollars) Book Values Market Values Short-term debt $1,221,000 $1,221,000 Long-term debt 11,927,000 11,927,000 Common equity 9,113,000 26,170,000 Total capital $22,261,000 $39,318,000 What weights should Emerson use when computing the firms weighted average cost of capital?