The following table gives the balance sheet for Travellers Inn Inc. (TII), a company that was formed by merging a number of regional motel chains. Assume that you were recently hired by ill as a financial analyst and that your boss, the treasurer, has asked you to estimate the company's WACC under the assumption that no new equity will be issued. Your cost of capital should be appropriate for use in evaluating projects that are in the same risk class as the assets TII now operates. Based on your analysis, answer the following questions. Do not round intermediate calculations. Round your answers to two decimal places. a. What are the current market value weights for debt, preferred stock, and common stock? (Hint: Do your work in dollars, not millions of dollars.) b. What is the after-tax cost of debt? % c. What is the cost of preferred stock? % d. What is the required return on common stock using CAPM? % e. Use the retention growth equation to estimate the expected growth rate. Then use the expected growth rate and the dividend growth model to estimate the required return on common stock. % f. What is the required return on common stock using the own-bond-yield-plus-judgmental-risk-premium approach? % g. Use the required return on stock from the CAPM model, and calculate the WACC. %