14-2. (Defining capital structure weights) In August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was as follows: Market Value ($ Millions) Short-term debt Long-term debt Common equity Total capital Book Value $ 2,553 4.289 8,081 $14.923 $ 2,553 4,289 35,690 $42,532 What weights should Emerson use when computing the firm's weighted average cost of capital