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Philips Equipment inc has 72,000 bonds outstanding that are each selling at ( $ 1,078 ) in the market. Each bond has 9 years left

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Philips Equipment inc has 72,000 bonds outstanding that are each selling at \\( \\$ 1,078 \\) in the market. Each bond has 9 years left to maturity, a \\( \\$ 1000 \\) face value and a coupon rate of \5 Coupons are paid semiannually. The company also has 19 million shares of common stock outstanding. The common stock has a beta of 0.95 and sells for \\( \\$ 46 \\) a share. The U.S Treasury bill is yielding 29 percent and the return on the matket is 9 percent. The corporate tax rate is 35 percent. (a) Determine the firms market value weight for debt (Enter answers as a \ to 2 decimal places) \\% (b) Determine the firms market value weight for equity (Enter answers as a \ decimal places) \ (c) What is the firms after tax cost of debt? (Enter answers as a \\% to 2 decimal places) (d) What is the firms cost of equity? (Enter answers as a \ to 2 decimal places) \\% (e) Using the information you have found in the earlier parts, determine the Cost of Capital for Phillips Equipment inc. (Enter answers as a \ to 2 decimal places) \

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