2. The market value of Aardvark Corp. as of December 31, 2020 was $750 million. The firm's current capital market structure is on target and is as follows Debt. $150 mil I Preferred Stock: $50 mil Common Stock: $550 mil Using data in the Wall St. Journal, the company's bonds are calculated to have a nominal yield to maturity of 3.5%. The company's preferred stock sells for $100 per share and pays an annual dividend of $7.00 per share. The company's common stock sells for $80 per share and is expected to pay a dividend of $10 per share by the end of this year (i.e. Div1=$10.00). The dividend is expected to grow at a constant rate of 6% a year. The yield on Treasury Bills is 4.9% while the market risk premium is believed to be 8%. Aardvark is an aggressive stock with a Beta of 1.Z.The company's tax rate is 21%. Compute the market value weights, each component cost of capital and the Weighted Average Cost of Capital (WACC) to two decimal places