Calculation of individual costs and WACC. Camival Corporation (CCL) recently sold new bonds at discount price of 5945.54. The bonds have a short 5-year maturity, have a coupon rate of 12.50%, and pay interest semi-annually. In addition to the $10.251 billion worth of bonds outstanding, Camival also has $11.607 billion worth of common stock equity outstanding. According to Yahool Finance, Carnival's stock has a beta of 1.82. Currently, the expected return on the market portfolio and risk-free rate are, 6.40% and 0.44%, respectively. a. Calculate the market value weights for Carnival's capital structure. b. Calculate Camival's cost of equity using the CAPM. c. Calculate Camival's before-tax cost of debt. d. Calculate Camival's current WACC using a 21% corporate tax rate. a. The market value weight of long-term debt in Carnival's capital structure is \%. (Round to two decimal places.)