Calculation of individual costs and WACC Carnival Corporation (CCL) recently sold new bonds at discount price of $950.18. The bonds have a short 3-year maturity, have a coupon rate of 8.50%, and pay interest semi-annually. In addition to the $9.222 billion worth of bonds outstanding, Carnival also has $12.656 billion worth of common stock equity outstanding. According to Yahoo! Finance, Carnival's stock has a beta of 1.85 . Currently, the expected return on the market portfolio and risk-free rate are, 6.90% and 0.71%, respectively. a. Calculate the market value weights for Carnival's capital structure. b. Calculate Carnival's cost of equity using the CAPM. c. Calculate Carnival's before-tax cost of debt. d. Calculate Carnival's current WACC using a 21% corporate tax rate. a. The market value weight of long-term debt in Carnival's capital structure is The market value weight of common stock equity in Carnival's capital structure is decimal places.) \%. (Round to two decimal places.) %. (Round to two b. Carnival's cost of equity using the CAPM is \%. (Round to two decimal places.) c. Carnival's before-tax cost of debt is \%. (Round to two decimal places.)