• A corporation has 9,000 bonds outstanding with a 5% annual coupon rate, 7 years to maturity, a $1,000 face value, and a $1,200 market price.
• The companys 110,000 shares of preferred stock pay a $4 annual dividend, and sell for $40 per share.
• The companys 500,000 shares of common stock sell for $25 per share and have a beta of 1. The risk free rate is 5%, and the market return is 11%. Tax rate is 20 %.

1. [15 pts] Calculate cost of preferred stock. Briefly show your steps.
2. [15 pts] Calculate cost of equity. Briefly show your steps.
3. [15 pts] Calculate cost of debt.Briefly show your steps.
4. [15 pts] What are the weights of debt, preferred stock and equity? Briefly show your steps.
5. [20 pts] What is WACC? Briefly show your steps.

(please i want it with steps not excel)