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 (ie. this question is from Chapter 14, not 16!). Calculate the following:

Market Value of debt = $ (When calculating your bond price, keep as many decimals as possible in your intermediate steps. Round your final bond price to 2 decimal places, so that final answer is automatically rounded to closest dollar- DO NOT use commas!)

Market Value Debt/Equity Ratio = (Express answer as a decimal, rounded to 2 decimal places- ie 0.75)

After tax Cost of Debt = % (Express your answer in percentage terms, rounded to 2 decimal places- ie 19.65)

Cost of equity= % (Express your answer in percentage terms, rounded to 2 decimal places- ie 24.00)

WACC = % (Don't round intermediate steps. Express your answer in percentage terms, rounded to 2 decimal places- ie 14.51)