Problem 3: Granby Foods' (GF) balance sheet shows a total of \$25 million in long-term debt with a coupon rate of 8.50%. The yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. The company has 10 million stock shares, and the stock has a book value per share of $5.00. The current stock price is $20.00 per share, and the stockholders' required rate of return, rs, is 12.25%. The company recently decided that its target capital structure should have 35% debt, with the balance being common equity. The tax rate is 40%. Calculate WACCs based on book, market, and target capital structures