The company is in the $24$ percent tax bracket and has a target debt$-$equity ratio of $75$

percent. The target short$-$term debt$/$long$-$term debt ratio is $25$ percent.

a$.$ What is the company's weighted average cost of capital using book value weights?

$($Do not round intermediate calculations and enter your answer as a percent

rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the company's weighted average cost of capital using market value weights?

$($Do not round intermediate calculations and enter your answer as a percent

rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What is the company's weighted average cost of capital using target capital structure

weights? $($Do not round intermediate calculations and enter your answer as a

percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

d$.$ Which is the correct WACC to use for project evaluation?

Book weights

Market weights

Target weights