Bolero, Inc., has compiled the following information on its financing costs: Type of Financing Book Value Market Value Cost Short-term debt $ 10,200,000 $ 11,200,000 4.3 % Long-term debt 3,200,000 3,200,000 7.4 Common stock 6,200,000 26,200,000 14.0 Total $ 19,600,000 $ 40,600,000 The company is in the 35 percent tax bracket and has a target debtequity ratio of 65 percent. The target short-term debt/long-term debt ratio is 15 percent. a. What is the companys weighted average cost of capital using book value weights? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Weighted average cost of capital % b. What is the companys weighted average cost of capital using market value weights? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Weighted average cost of capital % c. What is the companys weighted average cost of capital using target capital structure weights? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Weighted average cost of capital % d. Which is the correct WACC to use for project evaluation? Target weights Book weights Market weights