7 points Philips Equipment has 75.000 bonds outstanding that are each selling at $1080 in the market. Each bond has 10 years left to maturity a 51000 face value and a coupon rate of Coupons are paid semiannually. The company also has 2 million shares of common stock outstanding. The common stock has a beta of 1.1 and sells for $30 a share. The US Treasury bill is yielding a percent and the market risk premium is 6 percent. The corporate tax rate is 1 percent a) Determine the firms market value weights for debt and equity. Enter answers below as a percentage to 2 decimal places, but do not include the Market value weight of DETI Market value weight of LOUITY (b) What is the firms after tax cost of debt Enter answer below as a percentage to 2 decimal places, but do NOT include the sin The firms after tax cost of debt is te) What is the firms cost of equity? Enter answer below as a percentage to 2 decimal places, but do NOT include the signs The formes cost of equity is (d) Assume that the weights for debt and equity that your found in part al are cow (for debt) and 40% (for equity). Using these weights find the terms weighted average cost of capital er answer below as a percentage to 2 decimal places, but do NOT indude the in The WACC is