Question: (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:

 (Defining capital structure weights) in August 2015 the capital structure of

(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: (5 Millions) Book Value Market Value Short-term debt $2,529 $2,529 Long-term debt 4,254 4,254 Common equity 8,175 35,647 Total capital $14.958 $42.430 (Click on the icon in order to copy its contents into a spreadsheet.) What weights should Emerson use when computing the firm's weighted average cost of capital? The appropriate weight of debt, Wg, is % (Round to one decimal place.)

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