Calculation of individual costs and WACC Carnival Corporation (CCL) recently sold new bonds at discount price of $895.73 The bonds have a short 7-year maturity, have a coupon rate of 9.00%, and pay interest semi-annually. In addition to the $10.679 billion worth of bonds outstanding, Carnival also has $11 822 billion worth of common stock equity outstanding. According to Yahool Finance, Carnival's stock has a beta of 1.73 Currently, the expected return on the market portfolio and risk-free rate are, 6.10% and 0 56%, 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. ALTE a. The market value weight of long-term debt in Carnival's capital structure is 47 46 % (Round to two decimal places) The market value weight of common stock equity in Carnival's capital structure is 52.53 %. (Round to two decimal places) b. Carnival's cost of equity using the CAPM is 10.14% (Round to two decimal places) c. Carnival's before-tax cost of debt is % (Round to two decimal places)