QBANK 104142, Wacc Calculation percentage, always, market, target, about

mkytz15

This q. is too long and nasty formatted to post.
It is about calculating wacc.
We are given
Mkt Value of Debt 38
Mkt Val of Equity 173
Target Debt to Equity 35%
I calced the weight of debt as 38/(173+38) and Equity 173/(173 + 38)
Schweser calcs it as 35%/(1+35%) to get the debt percentage and then subtracts it from 1 to get the equity.
q: Are we always supposed to use target weights for our wacc calcs and not market?
q: If not, how do we know when to use market and target?

former

If target is given - use target