- 14. The following information relates to the Range Corporation: - 10,000,000 shares outstanding, $27 current price per share, Balance sheet states Common Stock = $20 million and Retained Earnings = $10 million - One bond, face value of $50 million, 9% semiannual coupon, matures in 15 years and sells for 95% of par. - Beta of 1.1 -5% risk free rate - 7% market risk premium - tax rate of 21% What is Range's capital structure on a book basis? (state as a % debt and % equity) Debt BV = $50m + Equity BV = 10,000,000 * What is Range's capital structure on a market basis? (state as a % debt and % equity) What is the best estimate of Range's WACC? (Assume a YTM on the bonds of 9%). Show work for all components