Dinklage Corp. has 9 million shares of common stock outstanding. The current share price is $75, and the book value per share is $6. The company also has two bond issues outstanding. The first bond issue has a face value of $85 million, a yield to maturity of 10.45 percent, and sells for 96 percent of par. The second issue has a face value of $65 million, a yield to maturity of 9.49 percent, and sells for 109 percent of par. The first issue matures in 25 years, the second in 9 years. Suppose the most recent annual dividend was $4.70 and the annual dividend growth rate is 6 percent. The tax rate is 34 percent Calculate the company's WACC. Start by calculating the firm's market value. (Enter your answer as a dollar amount, not millions of dollars, i.e. enter one million as 1,000,000) Firm's Market Value (debt & equity) Now calculate the firm's cost of equity and after-tax cost of debt. (Enter your answers as percent rounded to two decimals. Assume the YTMs are quoted as an EAR, not an APR.) Cost of Equity After-tax Cost of Debt % Now calculate the WACC. (Don't round your intermediate steps and enter your answer as a percent rounded to two decimals.) WACC % Jones Soda estimates that its cost of capital is 6.50 percent. You observe that the company's required return on stock is 17.00 percent and the (after-tax) yield to maturity on its debt is 2.00 percent. What is the debt-to-equity ratio? Round your answer to two decimals. Numeric Response