Curry Construction's CFO has collected the following market value information. She has assigned you the task of calculating their WACCs. The cost of common equity is 16%. They have 2.5 million share with a book value of $11.87, and a current market price of $27.37. The cost of preferred stock is 11%. They have 150,000 shares of preferred stock outstanding with a book value of $100 per share and a current market price of $105.00 per share. The company currently has $10,000,000 of 20-year bonds outstanding. The bonds have a 9 percent annual coupon, a face value of $1,000, and they currently sell for $950 The company's tax rate is 40 percent. (Express your answers as X.XX%.) a. What is Curry's Book value Weighted Average Cost of Capital? b. What is Curry's Market value Weight Average Cost of Capital? What is the primary reason a company goes bankrupt