A companys Balance Sheet (in millions) Assets Liabilities & Equity Current $30 Net Fixed $70 Bonds ($1000 Par) 50 Total $100 Common Stock ($1 par) 50 Total $100 The company's bonds have 12 years to mature, pay 8% coupon rate semi-annually and comparable bonds' YTM is 10%. The market price of common stock is $6.00 per share. The companys applicable tax rate is 35%. The common stock dividend has grown at a steady rate from $0.58 in December 1990 to $1.2 in December 2000. The same growth rate is expected to continue for long time in the future. The floatation cost for new common stocks is 10%. Next year is 2001. 1)What is the market value of debts weight? 2) What is the market value of equitys weight? 3) What is the cost of issuing new common stock? 4) What is the WACC of the company using the market weights of capital structure