1.) The Giuntoli Co. just issued a dividend of $3.00 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely.

If the stock sells for $43.80 a share, what is the company's cost of equity?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimalplaces, e.g., 32.16.)

2.) Sixth Fourth Bank has an issue of preferred stock with a $6.20 stated dividend that just sold for $124 per share.

What is the bank's cost of preferred stock?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

3.) Information on Gerken Power Co., is shown below. Assume the company's tax rate is 35 percent.

Debt:10,000 8.6 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 96.5 percent of par; the bonds make semiannual payments.

Common stock:225,000 shares outstanding, selling for $84.50 per share; beta is 1.30.Preferred stock:13,500 shares of 5.75 percent preferred stock outstanding, currently selling for $96.50 per share.

Market:7 percent market risk premium and 4.8 percent risk-free rate.

Calculate the company's WACC.(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)