4. Lo-Tek Industries, the nation's largest manufacturer of hammers, has published the following information as of September 30, 2018: a. Bank Loan: The company states that it currently has a newly issued $22 million bank loan at a rate of 4.5%. b. Bond: In addition, the firm has a 10-year, 11.0% coupon bond with a face of $45 million and a yield to maturity of 6.0%. c. Preferred Stock: The company's preferred stock sells for $100 per share and pays an annual dividend of $8 per share. There are 2 million shares outstanding. d. Common Equity. The company's common stock sells for $60 per share and is expected to pay a dividend of $3.00 per share by the end of this year (ie. Divi=$3.00). The dividend is expected to grow at a constant rate of 7% a year. The yield on risk-free Treasury Bills is 3.3% while the market (S&P500) return is believed to be 12.9%. Lo-Tek is a defensive stock with a Beta of 0.906. There are 9 million shares outstanding. e. The company's tax rate is 35%. Compute the weights and cost of capital for each component and the Weighted Average Cost of Capital (WACC). Show all work