MV Corporation has debt with market value of $100 million, common equity with a book value of $102 million, and preferred stock worth $20 million outstanding. Its common equity trades at $53 per share, and the firm has 5.9 million shares outstanding. What weights should MV Corporation use in its WACC? Please answer both parts.

a. The debt weight for the WACC calculation is (Round to two decimal places) b. The preferred stock weight for the WACC (Round to two decimal places)