22. Beta Manufacturing Inc. has the following target capital structure th Debt 25% Preferred Stock 15 Equity 60 Investment bankers have advised the CFO that the company cou by issuing bonds with a 6% coupon rate (which is the YTM on e would require a 7% coupon. Beta?s 8.5% preferred stock, ISSUE $112.50. There are 3 million shares of stock outstanding on whic $2.00 per share. The stock currently sells for $36.00 per share. of which half will be available as retained earnings for new u company will continue to grow at 6% for the foreseeable futur both preferred and common stock. The marginal tax rate is 40% The following capital projects have been identified for next yeai