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MV Corporation has debt with market value of $99 million, common equity with a book value of $101 million, and preferred stock worth $19 milion

MV Corporation has debt with market value of $99 million, common equity with a book value of $101 million, and preferred stock worth $19 milion outstanding. Its common equity trades at $50 per share, and the firm has 5.7 million shares outstanding. What weights should MV Corporation use in its WACC? The debt weight for the WACC calculation is (I)% (Round to two decimal places.)

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