Book Co. has 1.8 million shares of common equity with a par (book) value of $1.05, retained earnings of $28.3 million, and its shares have a market value of $48.93 per share. It also has debt with a par value of $21.2 million that is trading at 102% of par.

a. What is the market value of its equity?

b. What is the market value of its debt?

c. What weights should it use in computing its WACC?