6 You are given the following Information concerning Parrothead Enterprises: 15 points Debt 9,300 6.5 percent coupon bonds outstanding, with 22 years to maturity and a quoted price of 10475. These bonds have a par value of $1,000 and pay interest semiannually. Common stock 240,000 shares of common stock selling for $64.80 per share. The stock has a beta of 93 and will pay a dividend of $3.00 next year. The dividend is expected to grow by 5.3 percent per year indefinitely Preferred stock. 8,300 shares of 4.65 percent preferred stock selling at $94.30 per share Market 11.7 percent expected return, a risk-free rate of 3.75 percent, and a 23 percent tax rate What is the firm's cost of each form of financing? (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Aftertax cost of debt Cost of preferred stock 6.11 % 4.93 Cost of equity % 11.15 X % Calculate the WACC for the company. (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete and correct. WACC 8.12% Mc