Consider the following company,

Book Value of Debt	$61 million
YTM	9%
Coupon	8%
Coupon Payments	semi-annually
Years	20
Corporate Tax Rate	31%
# of Preferred Shares	1 million
Price of Preferred Share	$21
Dividend per Preferred Shares	$1.08
# of Common Shares	9.5 million
Price of Common Share	$18
of Common Stock	0.6
Risk-Free Rate	3%
Market Return	14%

1. What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES.

55.390.03 million

2. What is the rate of return on the preferred stock? Enter you answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answers.

5.140.01%

3. What is the market value of the preferred stock? Enter your answer in terms of millions.

210.01 million

4. What is the rate of return of the equity? Enter your answer as a percentage. Do not include the percentage sign in your answers.

9.60.01%

5. What is the market value of the equity? Enter your answer in terms of millions.

1710.01million

6. Using the correct answers from the previous questions, what is the total market value of the company? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES.

247.390.01 millions

7. Using the correct answers from the previous questions, what is the weighted average cost of capital for this company? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answers.

solve the Q7, please