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Please answer Q17-Q21 based on the following information provided for the firm ABC: the company finances its operations and growth opportunities, using common equity, debt, and preferred equity. It issued a 20 year, 7 percent (coupon rate of 7%) bonds 15 years ago. The bond is currently selling for S1080, and its face value is $1000. As for the preferred stock, the price per share is $97, and it pays $4.92 dividend per share annually. As for the common equity, the beta is 1.24. The total debt ratio is 0.3, the ratio of the market value of preferred equity divided by the value of total assets is 0.2. Assume the risk-free rate of 2%, the corporate tax rate of 30% and the market risk premium of 6%. 18.What is ABC's cost of equity? a. 4.96% b. 6.96% c. 7.44% d. 8% e. 9.44% 19. What are ABC's capital structure weights: weight on debt, weight on preferred equity, and weight on common equity, respectively? a. 0.3; 0.2; 0.5 b. 0.2; 0.3; 0.5 c. 0.5; 0.3; 0.2 d. 0.3; 0.5; 0.2 e. 0.2;0.5; 0.3 20. What comes closest to the ABCs WACC? a. b. C. d. 5.6% 5.9% 6.8% 7.3%