BrandCo currently has 50 million shares outstanding. If the BrandCo’s shares are trading at $17.88 per share, what is the company’s market capitalization (value of equity)? Assuming the market value of debt equals today’s book value of debt, what percentage of the company’s value is attributable to debt, what percentage is attributable to equity? When is the market value of debt not equal to the book value? Using these weights, compute the weighted average cost of capital. Assume the pre-tax cost of debt is 8 percent, the cost of equity is 12 percent, and the marginal tax rate is 30 percent.