The appropriate weight of common equity, is________%. (Round to one decimal place.)

(Defining capital structure weights) in August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was as follows: ($ Millions) Short-term debt Long-term debt Common equity Total capital Book Value $2,539 4,288 8,094 $14,921 Market Value $2,539 4,288 35,592 $42,419 What weights should Emerson use when computing the firm's weighted average cost of capital? The appropriate weight of debt, wg, is %. (Round to one decimal place.)