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all steps please Problem 3 Sparky Inc. has a WACC of 9.078%. The company's equity beta is 1.3 and its semi-annual coupon bonds have a

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Problem 3 Sparky Inc. has a WACC of 9.078%. The company's equity beta is 1.3 and its semi-annual coupon bonds have a yield-to maturity of 7.2% (APR semi-annually compounded) The risk-free rate is 3.0% the expected return on the market portfolio is 10.0%, and the tax rate is 35% what Sparky's debt-to-equity (DE) ratio

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