WACC If Pigeon Widgets, Inc., were an all equity company, it would have a beta of 0.90. The company has a target debt-equity ratio of 0.45. The expected return on the market portfolio is 10.25 percent and T-Bills currently yield 3.15 percent. The company has one bond issue outstanding that matures in 15 years and has a coupon rate of 6.55 percent. The bond currently sells for $1,075. The corporate tax rate is 21 percent. What is the companys cost of debt, cost of equity, and the weighted average cost of capital?