(Defining capital structure weights) In August of 2009 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) appeared as follows:
| (Thousands of dollars)||Book Values||Market Values|
| Short-term debt||$1,172,000||1,172,000|
| Long-term debt||11,917,000||11,917,000|
What weights should Emerson use when computing the firm’s weighted average cost of capital?
The appropriate weight of debt,
(Round to one decimal place.)
The appropriate weight of common equity,