please answer part a and b of the question attached below

Examine the following book-value balance sheet for University Products Inc. The preferred stock currently sells for $30 per share and pays a dividend of $3 a share. The common stock sells for $16 per share and has a beta of 0.9. There are 2 million common shares outstanding. The market risk premium is 9%, the risk-free rate is 5%, and the firm's tax rate is 40% BOOK-VALUE BALANCE SHEET (Figures in $ millions) Liabilities and Net Worth Assets Bonds, coupon = (maturity= 10 years, current yield to maturity = 84) Preferred stock (par value $15 per share) 6, paid annually 2.0 5.0 Cash and short-term securities 3.0 3.0 Accounts receivable 7.0 Common stock (par value $0.20) Additional paid-in stockholders equity 0.4 Inventories Plant and equipment 21.0 13.6 Retained earnings 11.0 $33.0 $33.0 Total Total a. What is the market debt-to-value ratio of the firm? (Do not round intermediate calculations. Enter your answer as rounded to 2 decimal places.) percent Market debt-to-value ratio b. Wh places.) rou WACC? (Do mediate calculations. decimal in your answer as a percent rounded WACC