Please see attached samples and questions--they have to be correct please :)

SAMPLE You are given the following information for Huntington Power Co. Assume the company's tax rate is 38 percent. Debt: 10,000 6.5 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bonds make semiannual payments. Common stock: 370,000 shares outstanding, selling for $55 per share; the beta is 1.11. Market: 6 percent market risk premium and 4.5 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) WACC % 8.56 1% Explanation: We will begin by finding the market value of each type of financing. We find: B = 10,000($1,000)(1.08) = $10,800,000 S = 370,000($55) = $20,350,000 And the total market value of the firm is: V = $10,800,000 + 20,350,000 = $31,150,000 Now, we can find the cost of equity using the CAPM. The cost of equity is: RS = .045 + 1.11(.06) RS = .1116, or 11.16% The cost of debt is the YTM of the bonds, so: P0 = $1,080 = $32.50(PVIFAR%,60) + $1,000(PVIFR%,60) R = 2.963% YTM = 2.963% 2 = 5.93% And the aftertax cost of debt is: RB = (1 - .38)(.0593) RB = .0367, or 3.67% Now we have all of the components to calculate the WACC. The WACC is: RWACC = .0367($10,800,000 / $31,150,000) + .1116($20,350,000 / $31,150,000) RWACC = .0856, or 8.56% Notice that we didn't include the (1 - tC) term in the WACC equation. We simply used the aftertax cost of debt in the equation, so the term is not needed here. MY QUESTION You are given the following information for Huntington Power Co. Assume the company's tax rate is 38 percent. Debt: 9,000 7.6 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. Common stock: 480,000 shares outstanding, selling for $66 per share; the beta is 1.09. Market: 9 percent market risk premium and 5.6 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) WACC % SAMPLE: Filer Manufacturing has 9 million shares of common stock outstanding. The current share price is $88, and the book value per share is $7. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $80 million and a coupon rate of 5 percent and sells for 98 percent of par. The second issue has a face value of $55 million and a coupon rate of 6 percent and sells for 106 percent of par. The first issue matures in 20 years, the second in 8 years. a. What are the company's capital structure weights on a book value basis? (Do not round intermediate calculations. Round your answers to 4 decimal places (e.g., 32.1616).) Equity/Value .3182 1% Debt/Value .6818 1% b. What are the company's capital structure weights on a market value basis? (Do not round intermediate calculations. Round your answers to 4 decimal places (e.g., 32.1616).) Equity/Value .8528 1% Debt/Value .1472 1% c. Which are more relevant, the book or market value weights? Market value Explanation: a. The book value of equity is the book value per share times the number of shares, and the book value of debt is the face value of the company's debt, so: BVE = 9,000,000($7) = $63,000,000 BVD = $80,000,000 + 55,000,000 = $135,000,000 So, the total value of the company is: V = $63,000,000 + 135,000,000 = $198,000,000 And the book value weights of equity and debt are: E/V = $63,000,000 / $198,000,000 = .3182 D/V = 1 - E/V = .6818 b. The market value of equity is the share price times the number of shares, so: MVE = 9,000,000($88) = $792,000,000 Using the relationship that the total market value of debt is the price quote times the par value of the bond, we find the market value of debt is: MVD = .98($80,000,000) + 1.06($55,000,000) = $136,700,000 This makes the total market value of the company: V = $792,000,000 + 136,700,000 = $928,700,000 And the market value weights of equity and debt are: E/V = $792,000,000 / $928,700,000 = .8528 D/V = 1 - E/V = .1472 c. The market value weights are more relevant. MY QUESTION: Filer Manufacturing has 5 million shares of common stock outstanding. The current share price is $77, and the book value per share is $8. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $60 million and a coupon rate of 6 percent and sells for 97 percent of par. The second issue has a face value of $30 million and a coupon rate of 7 percent and sells for 105 percent of par. The first issue matures in 21 years, the second in 4 years. a. What are the company's capital structure weights on a book value basis? (Do not round intermediate calculations. Round your answers to 4 decimal places (e.g., 32.1616).) Equity/Value Debt/Value b. What are the company's capital structure weights on a market value basis? (Do not round intermediate calculations. Round your answers to 4 decimal places (e.g., 32.1616).) Equity/Value Debt/Value c. Which are more relevant, the book or market value weights? Market value Book value