Please do not use excel to solve this problem and complete all steps.

(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 ($ Millions) Short-term debt Long-term debt Common equity Total capital Book Value $2,547 4,386 8,156 Market Value $2,547 4,386 35,736 $42,669 $15,089 What weights should Emerson use when computing the firm's weighted average cost of capital? The appropriate weight of debt, wa, is %. (Round to one decimal place.) The appropriate weight of common equity, wes, is % (Round to one decimal place.)