12)

Global Technologys capital structure is as follows:

Debt	35	%
Preferred stock	15
Common equity	50

The aftertax cost of debt is 7.00 percent; the cost of preferred stock is 11.00 percent; and the cost of common equity (in the form of retained earnings) is 14.00 percent.

Calculate the Global Technologys weighted cost of each source of capital and the weighted average cost of capital.(Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.)

	Weighted Cost
Debt (Kd)	%
Preferred stock (Kp)
Common equity (Ke)
Weighted average cost of capital (Ka)	%