Answer the following for Dave, Inc. based on the following data (please show all work):

Bonds Outstanding

Price: $850

Par Value: $1,000

Coupon Rate: 7%

Frequency: Semiannual

Maturity : 15 years

Number of Bonds Out: 1,000

Preferred Stock Shares Outstanding: 100,000

Preferred Stock Dividend (quarterly): $0.75

Preferred Stock Current Price: $30.00

Flotation Costs of Common Stock: 7%

Common Stock Shares Outstanding: 200,000

Common Stock Current Price: $50.00

Common Stock Dividend Growth (perpetual): 3%

Dividend Yield for the next year: 12%

Tax Rate: 40%

Dave's beta: 1.50

Risk-free Rate: 3%

Market Risk Premium: 7%

a. What is the market-value based capital structure of Dave, Inc.?

-Weight of Debt

-Weight of Preferred

-Weight of Common

b. What are the component costs of capital?

-Cost of Debt

-Cost of Preferred

-Cost of Common - RE

-Cost of Common - New Issue

c. What is the WACC?