Q3. A Companys balance sheet shows a total of $30 million long term debt with coupon rate of 8%. The yield to maturity on this debt is 10%, and the debt has a total market value of $38 million. The company has 10 million shares of stock, and the stock as a book value per share of $7. The current stock price is $25 per share and the stockholders required rate of return rs is 13%. The company recently decided that its target capital structure should have 35% debt, with the balance being equity. The tax rate is 35%. Calculate WACCs based on book, market and target capital structures. What is the sum of three WACCs? (Book equity = BV/share * No. Shares, Market equity = P0 * No. Shares). Kindly show working on every step?