3. Very Busy Airlines has the following capital structure: Debt Preferred Stock Common Stock $60,000,000 $10,000,000 $30,000,000 Additional info: Yield to maturity (bonds) 10% Price of preferred stock $55 Price of common stock Preferred dividend Common dividend Flotation cost, preferred 5 Growth rate of dividends 5% $30 $10 S3 The firm's tax rate s 30%. Compute the firm's weighted average cost of capital [WACC. (10) Hint: First compute weights for debt, preferred stock, and common stock in the capital structure. Then compute their respective component costs. Finally compute the WACC]