What are the capital components included in the WACC calculation? Rank these components from lowest to highest cost on a before-tax and after-tax basis (know which ones need to be adjusted on an after-tax basis). Explain why these differences exist.

What weights should you use for the capital components in the WACC calculation? What are some alternatives if you do not have the target weights? how to calculate the total market value of a firm's bonds, preferred stock, and common stock to find the MV weights? Where are the BV weights?