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5- Haslem, Inc. has 3 million shares of common stock outstanding, 1 million shares of preferred stock, and 80,000 bonds. The common stock is selling
5- Haslem, Inc. has 3 million shares of common stock outstanding, 1 million shares of preferred stock, and 80,000 bonds. The common stock is selling for $50 nor chare the preferred stock is selling for $33 per share, and the bonds are 25 year, 8.5%, $1,000 hands that are procently calling for $1.000 (semiannual interest). The preferred stock pays an annual dividend of $2.70, and the common dividend paid in the year just ended was $2.40. The dividend on the common stock is projected to grow at a rate of 6% indefinitely. What is Haslem's weighted average cost of capital, given the tax rate is 33%
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