Bolster Foods' balance sheet shows a total of $25 million long-term debt with a coupon rate of 8. The yield to maturity on this debt is 8.

Bolster Foods’ balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. The yield to maturity on this debt is 8.00% and the debt has a total current market value of $27 million. The balance sheet also shows that the company has 10 million shares of stock and the stock has a book value per share of $5.00. The current stock price is $20.00 per share and stockholders’ required rate of return (ks) is 12.25%. The company recently decided that its target capital structure should have 35% debt, with the balance being common equity. The tax rate is 40%. Calculate WACCs based on book, market, and target capital structures.