Q16. A company's after-tax cost of debt is 5% and its cost of equity is 14%. If the company's capital structure weights are 65% equity and 35% debt, what is the company's WACC?

Q17. The book values of a company's equity and debt are $25,000,000 and $8,000,000, respectively. The market value of the company's equity is $27,200,000. The company's debt is publicly traded and was recently quoted at 85% of face value. If you were calculating this company's WACC, what weighting woud you use for debt in the company's capital structure weights