Using the balance sheet provided for Universal Exports, determine the weighted average cost of capital. The firmis tax rate is 10%, the preferred stock pays a dividend of $0.45 pershare the beta of the stock is 1.70, the market risk premium is 3, and the risk free rate is 5%. Assume that the book value capital structure weights are the company's optimal weights. Universal Exports Balance Sheet (5 millions) Assets Liabilities & Owner's Equity Cash and Short-term securities 2 Bonds (8% annual coupon 10 10-year maturity. 9X YTM) Accounts receivable 3 Preferred stock market price 53) 3 Inventories 7 Common stock 20 Plant and equipment 21 Total 33 Total 33 Enter answers as percentages. Round all answers to two decimal places. a. What is the proportion of debt in the firm's capital structure? b. What is the proportion of preferred stock in the firm's capital structure? C. What is the proportion of common equity in the firm's capital structure? L% d. What is the after tax cost of debt for Universal Exports e. What is the cost of preferred stock for Universal Exports f. What is the cost of common equity for Universal Exports? Note that the problem gives us the amount of the market risk premium, which is equal to kakt) 9. What is the WACC for Universal Exports? %