Phillips Equipment Inc. has 72,000 bonds outstanding that are each selling at $1,042 in the market. Each bond has 10 years left to maturity, a $1000 face value and a coupon rate of 7%. Coupons are paid semiannually. The company also has 2.2 million shares of common stock outstanding. The common stock has a beta of 1.3 and sells for $37 a share. The U.S. Treasury bill is yielding 2.8 percent and the return on the market is 10 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 Equipment Inc. (Enter answers as a \% to 2 decimal places) %