Using the balance sheet provided for Universal Exports, determine the weighted average cost of capital. The firm's tax rate is 25%, the preferred stock pays a dividend of $0.50 per share, the beta of the stock is 1.76, the market risk premium is 8%, and the risk-free rate is 3%. Assume that the book value capital structure weights are the company's optimal weights. Universal Exports Balance Sheet ($ millions) Assets Cash and Short-Term Securities Accounts Receivable Inventories Plant and Equipment Total Liabilities & Owner's Equity $5 Bonds (9% annual coupon, 15-year maturity, 8% YTM) 4 Preferred Stock (market price = $3.9) 7 Common Stock 20 20 36 Total What is the proportion of debt in the firm's capital structure, wd? % (Round to two decimal places.) What is the proportion of preferred stock in the firm's capital structure, wp? % (Round to two decimal places.) What is the proportion of common equity in the firm's capital structure, we? % (Round to two decimal places.) What is the after-tax cost of debt for Universal Exports? % (Round to two decimal places.) What is the cost of preferred stock for Universal Exports? % (Round to two decimal places.) $10 8 18 46 36 What is the cost of common equity for Universal Exports? Note that the problem give us the amount of the market risk premium, which is equal to (KM-KF). % (Round to two decimal places.) What is the WACC for Universal Exports? % (Round to two decimal places.)