In: Finance
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) Book Value Market Value Short-term debt $2 comma 607 $2 comma 607 Long-term debt 4 comma 224 4 comma 224 Common equity Modifying 8 comma 108 with underline Modifying 35 comma 789 with underline Total capital Modifying $ 14 comma 939 with double underline Modifying $ 42 comma 620 with double underline What weights should Emerson use when computing the firm's weighted average cost of capital? The appropriate weight of debt, w Subscript d, is nothing%. (Round to one decimal place.)