Lonestar Inc. is planning to expand operations into the Central United States and needs to raise funds for the expansion. The firm's investors require a 14 percent rate of tax rate is 21 percent. The firm's balance sheet at the end of 2019 appears below. It is important to note that the firm's bonds were selling at par value and its stock was selling for a price of 2.25 times its book value at the end of 2019. Table 2: Balance Sheet for 2019 Assets Debt & Equity Cash $ 2,010,000 Accounts Receivable 4,580,000 Inventories 1,540,000 Total current assets 8,130,000 Long-term debt $ 8,141,000 Net property, plant, & 32,575,000 Common equity 32,564,000 equipment Total assets 40,705,000 Total debt & equity 40.705,000 B. Assume Lonestar's stock price increases to 3.25 times its book value and the cost of equity increases to 15 percent. Complete the following table to determine the firm's new WACC? Assume the marginal tax rate and cost of debt remain the same. (7 points) Table 4: WACC for New Conditions Component Market Value Balance Sheet Proportion After-tax Cost Product Long-term debt Common equity Totals WACC =