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 $2 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 10%, the risk-free rate is 6%, and the firms tax rate is 21%. BOOK-VALUE BALANCE SHEET (Figures in $ millions) Assets Liabilities and Net Worth Cash and short-term securities $ 1.0 Bonds, coupon = 8%, paid annually (maturity = 10 years, current yield to maturity = 9%) $ 10.0 Accounts receivable 3.0 Preferred stock (par value $20 per share) 2.0 Inventories 7.0 Common stock (par value $0.10) 0.1 Plant and equipment 21.0 Additional paid-in stockholders equity 9.9 Retained earnings 10.0 Total $ 32.0 Total $ 32.0 What is the market debt-to-value ratio of the firm? What is Universitys WACC? Note: For all the requirements, do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.