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 $20 per share and has a beta of 0.8. 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%.

X Answer is complete but not entirely correct. a. Market debt-to-value ratio 27.50 X % b. WACC 17.60 X %a. What is the market debt-to-value ratio of the rm? b. What is University's WACC? [For all the requirements, do not round Intermediate calculatlons. Enter your answers as a percent rounded to 2 declmal places} 0 Answer Is complete but not entirely correct. a. Market debttovalue ratio 27.50 0 "la b. WACC 17.60 e V