2.22 pts Question 8 The Board of UCFG Metal Industries has asked you to review the current capital structure of the company and determine ways to reduce the weighted average cost of capital, 1. Set up the formula for WACC using only the structure of the company's financial statements. 2. What is your recommendation to lower the WACC of the firm if the economy and UCFG's industry are expected to do well during the next two years? Exhibit B $25.00 1,200,000 $4,000,000 Current stock price # shares outstanding Face value of debt Recently quoted price on debt Current yield to maturity on debt Risk free rate 98.00% 7.0% 2.5% Jovan stock beta 1.05 8% Market risk premium Corporate tax rate 21% BIU A - XV A. IEE. X + || 12pt Paragraph