Question 8. (20 points) Wayco Industrial Supply has a pretax cost of debt of 7.6 percent, beta of 1.6 and a cost of preferred stock of 9.1 percent. The market risk premium is 5.8%. The risk-free rate is 3.4%. The firm has 220,000 shares of common stock outstanding at a market price of $27 a share. The market value of debt is $556,600. The company's tax rate is 34 percent. a) Calculate the market value of common stock. (4 points) b) What are the weights of debt, common stock? (6 points) c) What is the firm's cost of equity? (4 points) d) What is the firm's weighted average cost of capital with debt, stock? (6 points)