Book value versus market value components. The CFO of DMI is trying to determine the company's WACC. Brad, a promising MBA, says that the company should use book value to assign the WACC components' percentages. Angela, a long-time employee and experienced financial analyst, says that the company should use market value to assign the components' percentages. The after-tax cost of debt is at 10.8%, the cost of preferred stock is at 15.17%, and the cost of equity is at 19.96%. Calculate the WACC using both the book value and the market value approaches with the information in the popup window: Which do you think is better? What is the book value adjusted WACC for DMI? \% (Round to two decimal places.) Data table Click on the Icon Market Information