1. HBM, Inc has the following capital structure: Assets $400,000 Debt $140,000 Preferred stock $20,000 Common stock 240,000 The common stock is currently selling for $15 a share, pays a cash dividend of $0.75 per share, and is growing annually at 6 percent. The preferred stock pays a $9 cash dividend and currently sells for $91 a share. The debt pays interest of 8.5 percent annually, and the firm is in the 30 percent marginal tax bracket. a. what is the after tax cost of debt? b. what is the cost of preferred stock? c. what is the cost of common stock? d. what is the firms weighted-average cost of capital?