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The publicly traded debt of a company was recently quoted at 95% of face value. The market value of the companys equity is $12,150,000. The

The publicly traded debt of a company was recently quoted at 95% of face value. The market value of the companys equity is $12,150,000. The book values of the companys debt and equity are $3,000,000 and $11,000,000, respectively. Assume you were calculating this company's WACC. For the capital structure weights, what debt financing weighting woud you use for this company?

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