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The following data pertains to Mannie Corp. Determine the weight on debt capital that should be used to calculate Mannie's weighted average cost of capital.

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The following data pertains to Mannie Corp. Determine the weight on debt capital that should be used to calculate Mannie's weighted average cost of capital. Assume Mannie Corp. accounts for debt using the fair value method. Mannie Corp. Total Assets $14,680 Interest-Bearing Debt $9,124 Avg. borrowing rate for debt 8.5% Common Equity Book Value $ 5,120 Market Value $25,700 37% Marginal Income Tax Rate Market Equity Beta 1.44 26.2% 24.0% O 50.0% 61.3%

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