ABC Company's current share price is $15.55 and it is expected to pay a $1.5 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 2.6% per year.

What is an estimate of ABC Company's cost of equity? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include a percent sign in your answer.

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Correct response: 12.250.01

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ABC Company also has preferred stock outstanding that pays a $2.5 per share fixed dividend. If this stock is currently priced at $32.7 per share, what is ABC Company's cost of preferred stock? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include a percent sign in your answer.

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Correct response: 7.65

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ABC Company has existing debt issued three years ago with a coupon rate of 6%. The firm just issued new debt at par with a coupon rate of 5.4%. What is ABC Company's pre-tax cost of debt? Enter your answer as a percentage. Do not include a percent sign in your answer.

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Correct response: 5.4

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ABC Company has 4 million common shares outstanding and 1 million preferred shares outstanding, and its equity has a total book value of $55 million. Its debt has a market value of $10 million. If ABC Company's common and preferred shares are priced at $15.55 and $32.7, respectively, what is the market value of ABC Company's assets? Enter your answer in millions of dollars.

V= Correct response: 104.9 million

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ABC Company faces a 40% tax rate. Using the correct answers from the previous parts, what is the company's WACC? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer.

How do you do the WACC calculation? Please show the steps. thank you