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MV Corporation has debt with market value of $ 9 8 million, common equity with a book value of $ 1 0 3 million, and

MV Corporation has debt with market value of $98 million, common equity with a book value of $103 million, and preferred stock worth $21 million outstanding. Its common equity trades at $55 per share, and the firm has 6.5 million shares outstanding. What weights should MV Corporation use in its WACC?
The debt weight for the WACC calculation is
%.(Round to two decimal places.)
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