22. Calculating Capital Structure Weights. Kuipers Industrial Machines issued 70,000 zero coupon bonds three years ago. The bonds originally had 30 years to maturity with a 9.4 percent yield to maturity. Interest rates have recently decreased, and the bonds now have a 7.6 percent yield to maturity. If Kuipers has a $20 million market value of equity, what weight should it use for debt when calculating the cost of capital? 23. Calculating the Cost of Equity. Over the past five years, a stock has paid dividends of $1.80, $1.93, $2.02, $2.09 and $2.21. The most recent stock price is $51. What is your best estimate of the cost of equity for this company