2) Victory Inc. has 580,000 shares of common stock outstanding at a market price of $28 per share with cost of equity 9%. They also have 60,000 shares of preferred stock outstanding at a price of $25 a share with cost of preferred is 8.5%. The company has 20,000 bonds outstanding that are currently selling at 95% of face, paying 8% interest and mature in 9 years. The tax rate is 30%. The bonds have a face value of $1,000. What is the weighted average cost of capital