Calculation of individual costs and WACC Carnival Corporation (CCL) recently sold new bonds at discount price of $920.15. The bonds have a short 6 -year maturity, have a coupon rate of 8.00%, and pay interest semi-annually. In addition to the $10.369 billion worth of bonds outstanding, Carnival also has $12.601 billion worth of common stock equity outstanding. According to Yahool Finance, Carnival's stock has a beta of 1.91. Currently, the expected return on the market portfolio and risk-free rate are, 5.10% and 0.32%, 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 \%. (Round to two decimal places.) The market value weight of common stock equity in Carnival's capital structure is \%. (Round to two decimal places.) 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.) d. Camival's current WACC using a 21% corporate tax rate is \%. (Round to two decimal places.)