A lot of the time the answers that are given are weong but i got hope if I write it out: The Wildhorse Products Co. has debt with a market value of $225 million outstanding. The debt consists of 9 percent coupon bonds (semiannual coupon payments) which have a maturity of 15 years and are currently priced at $1,091.98 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $20. The preferred shares pay an annual dividend of $1.20. Wildhorse also has 14 million shares of common stick outstanding with a market price of $20.00 per share. The firm is expected to pay a $2.20 common dividend one year from today, and that dividend is expected to increase by 9 percent per year forever. If Wildhorse is subject to a 40 percent marginal tax rate and firm's. Calculate the appropriate cost of capital for a new projext that is financed with the same proportion of debt, preferred shares, and common shares as the furm's current capital structure. Also assume that the project has the same degree of systematic risk as the average project that the firm is currently undertaking.