A firm has a WACC of 11.5%, cost of equity is 16%, cost of debt is 8.5%, tax rate is 35%. Find debt to equity ratio. 2) 3) A firm is using mixture of debt and equity while formulating its capital structure. For debt, it has 4000 outstanding bonds with par value of $1000 each, and selling for 103% of par. For common stock, the firm has 90,000 outstanding shares with selling price of $57 per share. Additional info: cost of debt 6.72%, beta coefficient 1.10, market risk premium 8%, risk free rate 6%, tax rate 35%. Required: by using market value weights, calculate the firms WACC