Type of Financing Book Value Market Value Cost Short-term debt $14,800,000 $ 13,900,000 4.1% Long-term debt 41,000,000 35,600,000 7.2 Common stock 11,800,000 96,000,000 13.0 Total $67,600,000 $145,500,000 The company is in the 24 percent tax bracket and has a target debt-equity ratio of 65 percent. The target short-term debt/long-term debt ratio is 15 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., 32.16.) 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., 32.16.) 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., 32.16.) a. Weighted average cost of capital b. Weighted average cost of capital c. Weighted average cost of capital 6.27 % 10.21 % 10.26%