8 Question Help Book value versus market value components. The CFO of DMI is trying to determine the company's WACC. Brad, a promising MBA, says that the company should use book value to assign the WACC components' percentages. Angela, a long-time employee and experienced financial analyst, says that the company should use market value to assign the components' percentages. The after-tax cost of debt is at 7.8%, the cost of preferred stock is at 10.92%, and the cost of equity is at 15.89%. Calculate the WACC using both the book value and the market value approaches with the information in the popup window: E. Which do you think is better? What is the book value adjusted WACC for DMI? % (Round to two decimal places.) X Data Table $0 $61,000 Click on the Icon in order to copy its content into a spreadsheet. DMI Balance Sheet($ in thousands) Current assets $31,347 Current liabilities Long-term assets $64,653 Long-term liabilities Bonds payable Owners' equity Preferred stock Common stock Total liabilities and Total assets $96,000 owners' equity $12,000 $23,000 $96,000 Click on the Icon in order to copy its content into a spreadsheet. Market Information Debt Preferred Stock Outstanding 61,000 120,000 Market Price $925.21 $102.75 Common Stock 920,000 $32.54 Print Done