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Consider a firm that has $10 million in debt, $1 million in preferred stock, and $24 million in equity. The rate of return for debt, preferred stock, and equity is 1%, 1%, and 11%, respectively. The corporate tax rate is 31%. What is the weighted average cost of capital? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer. Enter your response below. Number % Consider the following company, Book Value of Debt YTM Coupon Coupon Payments Years Corporate Tax Rate # of Preferred Shares Price of Preferred Share Dividend per Preferred Shares # of Common Shares Price of Common Share B of Common Stock Risk-Free Rate Market Return Enter your response below. Number million What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES. Click "Verify" to proceed to the next part of the question. $67 million 6% 8% Section Attempt 1 of 1 Verify annually 10 32% 1.5 million $28 $1.07 5.5 million $16 0.7 2% 13%