Jones, Inc. is trying to calculate its current WACC. The following information is known about Jones' capital components Debt Issue 1: 5,000 bonds outstanding, $1,000 par value, 15 years to maturity and a 5% coupon rate, with interest paid semiannually. The bonds are currently selling for 96% of par. Debt Issue 2: 8,000 bonds outstanding, $1,000 par value, 20 years to maturity and a 5.5% coupon rate, with interest paid annually. The bonds are currently selling for 102.5% ofpar. Preferred Stock: 100,000 shares outstanding $60 par value paying a 3% dividend per year. The preferred stock is trading for $28 per share. Common Stock: 1,000,000 shares outstanding, selling for $7.50 per share. The beta for the company is 1.35. The dividends paid this year on the common stock are $0.45 per share and the growth rate in dividends is 2% annually. Other Information: The risk free rate is 3%, the expected return on the market risk premium is 4% and the company's tax rate is 40%. Given this information, answer all questions below using Excel. State your answers to the nearest 1/100th of 1 percent, e.g., 5.38%. What is the total market value of debt issue 1? What is the total market value of debt issue 2? What is the market value of preferred stock? What is the market value of common stock? What is the company's cost of debt issue 1? What is the company's cost of debt issue 2? a. b. c. d. e. g. What is the required return on preferred stock? h. What is the required return on common equity? i. What is the weighted average cost of capital