23. Given the following information, calculate the weighted average cost of capi- tal for Digital Processing Inc. Line up the calculations in the order shown in Table 11-1. Percent of capital structure: Weighted average cost of capital (LO11-1) 20% Preferred stock Common equity Debt Additional information: 40 40 Corporate tax rate Dividend, preferred Dividend, expected common Price, preferred Growth rate Bond yield Flotation cost, preferred Price, common 34% $ 8.50 $ 2.50 $105.00 7% 9.5 $ 3.60 $ 75.00