Dinklage has 7 million shares outstanding at a book value of $8 per share. It has one bond issue that has a face value of 110 million, a 5% coupon and sells at 97 and has a 20 year remaining maturity. Its stock is expected to pay a dividend of $3.00 next year and that divided is expected to grow at 4%. The stock is currently selling for $50. The tax rate is 25%. (a.) Calculate the WACC for Dinklage at market value (b.) Calculate the WACC for Dinklage at book value