Book Co. has

1.5

million shares of common equity with a par (book) value of

$1.20,

retained earnings of

$30.9

million, and its shares have a market value of

$48.45

per share. It also has debt with a par value of

$20.5

million that is trading at

103%

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?