Adjusted WACC. Clark? Explorers, Inc., an engineering? firm, has the following capital? structure:

Using market value and book value? (separately, of? course), find the adjusted WACC for Clark Explorers at the following tax? rates:

a.??40?%

b.??25?%

c.??20?%

d.??10?%

PLEASE show all work and steps!

Market Price Outstanding units Book value Cost of capital Equity $75.27 128,000 $2,794,000 14.36% Preferred Stock $222.45 5,000 $1,020,000 9.46% Debt $969.36 6,987 $6,987,000 8.4%