Calculation of individual costs and WACC Carnival Corporation $($CCL$)$ recently sold new bonds at discount price of $$909\mathrm{.}37.$ The bonds have a short $7-$year maturity, have a coupon rate of

$8\mathrm{.}00\%,$ and pay interest semi$-$annually. In addition to the $$9\mathrm{.}183$ billion worth of bonds outstanding, Carnival also has $$11\mathrm{.}039$ billion worth of common stock equity outstanding. According

to Yahoo! Finance, Carnival's stock has a beta of $1\mathrm{.}88.$ Currently, the expected return on the market portfolio and risk$-$free rate are, $6\mathrm{.}50\%$ and $0\mathrm{.}61\%,$ respectively.

a$.$ Calculate the market value weights for Carnival's capital structure.

b$.$ Calculate Carnival's cost of equity using the CAPM.

c$.$ Calculate Carnival's before$-$tax cost of debt.

d$.$ Calculate Carnival's current WACC using a $21\%$ corporate tax rate.

a$.$ The market value weight of long$-$term debt in Carnival's capital structure is

$\%.($Round to two decimal places.$)$

Calculation of individual costs and WACC Carnival Corporation $($CCL$)$ recently sold new bonds at discount price of $$909\mathrm{.}37.$ The bonds have a short $7-$year maturity, have a coupon rate of

$8\mathrm{.}00\%,$ and pay interest semi$-$annually. In addition to the $$9\mathrm{.}183$ billion worth of bonds outstanding, Carnival also has $$11\mathrm{.}039$ billion worth of common stock equity outstanding. According

to Yahoo! Finance, Carnival's stock has a beta of $1\mathrm{.}88.$ Currently, the expected return on the market portfolio and risk$-$free rate are, $6\mathrm{.}50\%$ and $0\mathrm{.}61\%,$ respectively.

a$.$ Calculate the market value weights for Carnival's capital structure.

b$.$ Calculate Carnival's cost of equity using the CAPM.

c$.$ Calculate Carnival's before$-$tax cost of debt.

d$.$ Calculate Carnival's current WACC using a $21\%$ corporate tax rate.

a$.$ The market value weight of long$-$term debt in Carnival's capital structure is

$\%.($Round to two decimal places.$)$