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MV Corporation has debt with market value of $101 million, common equity with a book value of $104 million, and preferred stock worth $18 million

MV Corporation has debt with market value of $101 million, common equity with a book value of $104 million, and preferred stock worth $18 million outstanding. Its common equity trades at $51 per share, and the firm has 6.3 million shares outstanding. What weights should MV Corporation use in its WACC?

The debt weight for the WACC calculation is

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