Dinklage Corp. has 8 million shares of common stock outstanding. The current share price is $73. The most recent dividend was $3.90 and the dividend growth rate is 6 percent. The company also has two bond issues outstanding. The first bond issue has a face value of $85 million, a 7 percent coupon, and sells for 97 percent of par. The second issue has a face value of $50 million, an 8 percent coupon, and sells for 108 percent of par. The first issue matures in 21 years, the second in 6 years. What are the company's capital structure weights on a market value basis? Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 21 percent. What is the company's WACC? BOOK Print 4 5 6 7 $ 8,000,000 73 3.90 6% 9 10 11 12 13 Shares outstanding Market price per share Dividend Growth rate First bond issue: Book value Coupon rate Bond price % of par) Redemption value (% of par) Settlement date Maturity date $ 85,000,000 7.00% 97 100 01/01/00 01/01/21 15 16 Sheet1 READY Attempt(s) 100%