Raymond Mining Corporation has 2 million shares of common stock outstanding and 25,000 semiannual bonds outstanding, each with an annual coupon rate of 10% and a par value $1,000. The common stock currently sells for $35 per share and has a beta of 1.25. The bonds have exactly 10 years to maturity and the current annual yield to maturity (YTM) is 9%. The market risk premium for stocks is 7.6%, T-bills are yielding 4%, and company's tax rate is 35%. Assume that CAPM holds, but IGNORE the impact of leverage on cost of equity capital. Calculate the following:

Market Value of debt = $

Market Value Debt/Equity Ratio =

After tax Cost of Debt = %

Cost of equity= %

WACC = %