Given the information for the TXS Company below: Market Values Costs Common Stock $3,100,000 12.5% Bonds $4,500,000 7.5% Preferred Stock $600,000 4.5% $8,200,000 For the TXS Company: 1. Calculate the capital structure weights? Explain what they mean. 2. Calculate the WACC and explain what it means for TXS. You must be specific to get credit. 3. If TXS management decides to buy back stock, what is the likely impact on WACC of TXS? Answer below