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Jones Manufacturing has the following (all in millions): Total Debt.............................................$3,562 Common Equity - Book Value............$2,560 Common Equity - Market Value........$12,850 What weight should an analyst

Jones Manufacturing has the following (all in millions):

Total Debt.............................................$3,562

Common Equity - Book Value............$2,560

Common Equity - Market Value........$12,850

What weight should an analyst assign to Jones Manufacturing's debt when calculating its weighted average cost of capital?

A. 21.7%

B. 50%

C. 58.2%

D. 78.3%

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