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Suppose a firm has 10.4 million shares of common stock outstanding with a par value of $1.00 per share. The current market price per share

Suppose a firm has 10.4 million shares of common stock outstanding with a par value of $1.00 per share. The current market price per share is $12.00. The firm has outstanding debt with a par value of $56.0 million selling at 102% of par. What capital structure weight would you use for debt when calculating the firm's WACC?

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