Ellis Inc. uses a D/E ratio of 0.8181 for all of its financing needs. Shares of the common stock sell at $43. The company expects to pay $1.30 in dividends next year and increase that amount by 3% annually. The bonds have a 5% coupon rate and a yield-to-maturity of 4.8%. The company has a beta of 1.26 and a 34% marginal tax rate. What is the WACC? Fishers Farms has 10.4 million shares of common stock outstanding and the current market price per share is $12. The firm has outstanding $1,000 par value bonds with a total par value of $56 million selling at 102% of par. What capital structure weight would you use for debt when calculating the firm's WACC