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The book values of a companys equity and debt are $25,000,000 and $8,000,000, respectively. The market value of the companys equity is $27,200,000. The companys

The book values of a companys equity and debt are $25,000,000 and $8,000,000, respectively. The market value of the companys equity is $27,200,000. The companys debt is publicly traded and was recently quoted at 85% of face value. If you were calculating this company's WACC, what weighting woud you use for debt in the company's capital structure weights?

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