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Examine the following book-value balance sheet for University Products Inc. The preferred stock currently sells for $15 per share and pays a dividend of $3

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Examine the following book-value balance sheet for University Products Inc. The preferred stock currently sells for $15 per share and pays a dividend of $3 a share. The common stock sells for $15 per share and has a beta of 0.9 . There are 1 million common shares outstanding. The market risk premium is 12%, the risk-free rate is 8%, and the firm's tax rate is 21%. 0. What is the market debt-to-value ratio of the firm? b. What is University's WACC? (For all the requirements, do not round intermediote colculations. Enter your answers os a percent rounded to 2 decimal places.)

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