Multiple Part Problem The following problem is 15 points. You are asked to calculate the WACC for AT&T (T), one of the three large US communications companies. Use the information provided below and please show your calculations. 5 19.1 AT&T considers the book value of Total Debt ($157.15 billion) as a good proxy for the market value of debt when it calculates WACC. In addition, AT&T uses the market value of equity in the WACC calculation. It currently has 7.14 billion shares trading at $23.17/share. What is the market value of debt and equity, and the proportion of each in AT&T's capital structure? (3 points) Market Value of 71.14 billion x $23.17 = $165.53 billion Equity. total market value $157.45 billion + $165.53 billion $322.68 bill $157.15 1.322.68 = 0.487 $165.53 18322.68 billion = $513 51.3 19.2 Currently AT&T has bonds maturing in 2095, with a 7.00% coupon, trading at $1,580.00 and believes that the cost of bond is reflective of its marginal cost of debt. What is the YTM on this AT&T bond? (4 points