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Assets Current assets Net plant, property, and equipment Total assets $ 38,000,000 101,000,000 Liabilities and Equit Accounts pavable Accruals Current liabilities Long-term debt (40,000 bonds, $1,000 par value) Total liabilities Common stock (10,000,000 shares) Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $ 10,000,000 9,000,000 $ 19,000,000 40,000,000 $ 59,000,000 30,000,000 50,000,000 80,000,000 The stock is currently selling for $15.25 per share, and its $1,000 par value, 20-year, 7.25% bonds with semiannual payments are selling for $875.00. The beta is 1.25, and the yield on a 20-year Treasury bond is 5.50%. The required return on the stock market is 11.50. The firm's tax rate is 40% a) Compute the market weights of debt and equity. b) Compute the WACC