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Examine the following book - value balance sheet for University Products Incorporated. The preferred stock currently sells for $ 1 5 per share and pays

Examine the following book-value balance sheet for University Products Incorporated. The preferred stock currently sells for $15 per
share and pays a dividend of $3 a share. The common stock sells for $20 per share and has a beta of 0.8. There are 2 million common
shares outstanding. The market risk premium is 8%, the risk-free rate is 4%, and the firm's tax rate is 21%.
a. What is the market debt-to-value ratio of the firm?
b. What is University's WACC?
Note: For all the requirements, do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal
places.
a. Find the Market debt-to-value ratio
b. Find the WACC
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