Use the following information to answer the questions: Operating assets = $12,000 Operating liabilities = $4,000 Book value of debt =$6,000 Market value of debt = $7,200 Book value of equity = $2,00 Market value of equity = $3,600 Value of operating leases = $5,000 After-tax required return on unsecured debt = 5% Required return on equity (CAPM) = 12% After-tax required return on secured debt = 4% Compute the WACC before the adjustment for leases and after the adjustment for leases. WACC before adjustment for leases = 7.333% ; WACC after adjustment for leases = 6.279% WACC before adjustment for leases = 6.667% ; WACC after adjustment for leases = 6.279% WACC before adjustment for leases =7.833% ; WACC after adjustment for leases = 6.279% WACC before adjustment for leases = 7.333% ; WACC after adjustment for leases = 6.595% Use the following information to answer the questions: Operating assets = $12,000 Operating liabilities = $4,000 Book value of debt =$6,000 Market value of debt = $7,200 Book value of equity = $2,00 Market value of equity = $3,600 Value of operating leases = $5,000 After-tax required return on unsecured debt = 5% Required return on equity (CAPM) = 12% After-tax required return on secured debt = 4% Compute the WACC before the adjustment for leases and after the adjustment for leases. WACC before adjustment for leases = 7.333% ; WACC after adjustment for leases = 6.279% WACC before adjustment for leases = 6.667% ; WACC after adjustment for leases = 6.279% WACC before adjustment for leases =7.833% ; WACC after adjustment for leases = 6.279% WACC before adjustment for leases = 7.333% ; WACC after adjustment for leases = 6.595%