22. Calculate the WACC for a company with $10 billion in equity, $2 billion in debt, a before-tax cost of debt of 3.5%, a beta of 1.2, a risk free rate of 1%, a market risk premium of 5%, and a 40% tax rate. 23. Try-In-Save Inc. has 1,200 bonds outstanding that are selling for $1,060 each. The company also has 5,000 shares of preferred stock at a market price of $32 each. The common stock is priced at $26 a share and there are 100,000 shares outstanding. What is the common stock weighting that should be used when calculating the firm's weighted average cost of capital? 24. Given the following information for FultonTronics, find the WACC. Assume the company's tax rate is 35%. Debt: Common stock: Preferred Stock Market: 3,000 7.5% coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 95% of par; the bonds make semiannual payments. 100,000 shares outstanding, selling for $55 per share; the beta is 1.05. 12,000 shares of 8% preferred stock outstanding, with a $100 par value, currently selling for $104 per share. 7% market risk premium and 6% risk free rate.