Round answer to 2 decimal places

4. A company's year-end balance sheet is shown below. Its cost of common equity is 15%, its before-tax cost of debt is 12%, and its marginal tax rate is 21%. Assume that the firm's long-term debt sells at par value. The firm has 250 million shares of common stock outstanding that sell for $25.00 per share. Calculate the market value weights for debt and common equity (that would be needed if market value WACC were being calculated). Assets (in millions) Cash Accounts Receivable Inventories Plant and equipment, net. Total assets $150 250 450 4.150 5,000 Liabilities and Equity_(in millions). Accounts payable and accruals $100 Short-term debt 300 Long-term debt 2,500 Common equity 2.100 Total liabilities and equity 5.000