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Problem 14-2 Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you

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Problem 14-2 Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the green cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. In August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was as follows: Given Data: (s Millions) Short-term debt Long-term debt Common equity Total capital Book Value $2,553 $4,289 $8,081 $14.921 Market Value $2,553 $4.289 $35,690 $42.532 What weights should Emerson use when computing the firm's weighted average cost of capital? Weight of Debt Weight of Equity Requirements 1 Start Excel 2 In cell D14, by using cell references, calculate the weight of debt. (1 pt.) 3 In cell D15, by using cell references, calculate the weight of equity. (1 pt.) 4 Save the workbook. Close the workbook and then exit Excel Submit the workbook as directed

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