QUESTION: What is the WACC of the company using the market weights of capital structure?

The correct answer is 17.07% but I can't figure out how to solve it? Please show work, thank you!

A company's Balance Sheet (in millions) Assets Current Net Fixed Total $120 $180 20% sdt 300 $200 The company's applicable tax rate is 40%. The market price of common stock is $12.50 per share. 10.10, S2 (B.) LCH AT MEO.CZ (d. The company's bonds have 9 years to mature, pay 10% coupon rate semi-annually and comparable bonds' YTM is 11%. Liabilities & Equity Bonds ($1000 Par) otlist Preferred stocks ($100 Par) Common Stock ($1 par) Total 16.39% (d)) 23.25% e) 28.54% Hill Hebo n abundy HAAS 0,012 10 800 8 008 12 10 zwoll dem sombong ilivy link offri dano odTbsson aravin tie The dividends have grown at a steady rate of 8% over the past several years. The same growth rate is Wo expected to continue for long time in the future. The company's last year dividend was $1.50. The floatation cost for new common stocks is 15%. 1-What is the cost of issuing new common stock? a) 25.79% 1.50 (1.08) b) 19.99% X 12.50(1-15) The market value of the preferred stock is $75 and it pays quarterly dividend of $1.75. The floatation cost on issuing new preferred stock is 7% c) 13.69% d) 10.04% e) 8.65% for 130 50 g adeau lliw yungmosad T-2 20 $200 2-What is the cost of issuing new preferred stock? a) 14.89% b) 7.17% 1.754 75(1-.07) 69.75 Kincs +08= 23.24% = Knps 10.04% Inter sbianos (15 22 (d Tents are 50pmt 1000 FV PV 537.9 an 3- What is the WACC of the company using the book weights of capital structure (Assuming the company will icque new preferred and common