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Williams, Inc., has compiled the following information on itsfinancing costs: Type of FinancingBook ValueMarket ValueCost Short-term debt$15,200,000$14,100,0004.3% Long-term debt44,000,00037,400,0007.4 Common stock12,200,000102,000,00013.2 Total$71,400,000$153,500,000 The company is in the 21 percent tax bracket and has a targetdebt-equity ratio of 75 percent. The target short-termdebt/long-term debt ratio is 15 percent. a.What is the company’s weighted average cost of capital usingbook value weights? (Do not round intermediate calculationsand 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 usingmarket value weights? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.)c.What is the company’s weighted average cost of capital usingtarget capital structure weights? (Do not roundintermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.)