Phillips Equipment Inc. has 67,000 bonds outstanding that are each selling at $1,090 in the market. Each bons maturity, a $1000 face value and a coupon rate of 5%. Coupons are paid semiannually. The company also has common stock outstanding. The common stock has a beta of 1.35 and sells for $38 a share. The U.S. Treasury 2.5 percent and the return on the market is 10.5 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 \% to 2 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 Equipme a \% to 2 decimal places) %