Type of Financing Bolero Inc. has compiled the following information on its financing costs: Book Value Short-term debt $14,000,000 Market Value $15,000,000 Cost 6.5% Long-term debt Common stock 7,000,000 7,000,000 3.4% 10,000,000 30,000,000 13.8 % Total $31,000,000 $52,000,000 The company is in the 30 percent tax bracket and has a target debt-to-equity ratio of 60 percent. The target short-term debt/long-term debt ratio is 20 percent. a. What is the company's WACC using book value weights? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit % sign in your response.) Weighted average cost of capital % b. What is the company's WACC using market value weights? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit % sign in your response.) Weighted average cost of capital c. What is the company's WACC using target capital structure weights? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit % sign in your response.) Weighted average cost of capital % d. Which is the preferred WACC to use for project evaluation? Market value weights O Book value weights O Target capital structure weights