Question: Please answer both parts a. and b. Please show work. Thank you! Examine the following book-value balance sheet for University Products Incorporated. The preferred stock

Please answer both parts a. and b.

Please show work. Thank you!

Examine the following book-value balance sheet for University Products Incorporated. The preferred stock currently sells fo $15 per share and pays a dividend of $3 a share. The common stock sells for $15 per share and has a beta of 0.9 . There are million common shares outstanding. The market risk premium is 12%, the risk-free rate is 8%, and the firm's tax rate is 21%. . What is the market debt-to-value ratio of the firm? b. What is University's WACC? Note: For all the requlrements, do not round Intermedlate calculatlons. Enter your answers as a percent rounded to 2 declmal pleces

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