(Answered) Suppose a firm has 19 million shares of common stock

Finance

Suppose a firm has 19 million shares of common stock outstanding. The current market price per share is $18.35. The firm has outstanding debt with a par value of $100.5 million selling at 96% of par. What capital structure weight would you use for equity when calculating the firm's WACC? Shown work would be much appreciated if possible.

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