Above is a company's recent statement of financial position.

Other information about the company:

-average income tax rate is 27.5%

-the demand and term bank loans are considered a permanent part of the company's capital structure, and carry an interest rate of 2.95%.

-the bonds have 10 years to maturity, pay interest semi-annually with a stated rate of 4.25%. Similar bonds have trading on the market to yield investors a return rate of 6.25%.

-the earnings and dividend growth rate have historically averaged at 4.0% however with an upcoming expansion into global markets, the company's management expects that to increase to 5.5% and is expected to remain at that rate for the foreseeable future.

-there are currently 725,000 common shares outstanding that are currently trading at $35 per share and the company recently declared and paid a per share dividend of $3.85.

-the company's 10,000 issued and outstanding preferred shares have a stated dividend amount of $5.10 per share and are currently trading at $60 per share.

complete the table below to calculate the weighted average cost of capital (WACC) for the company.

Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation $ 800,000 Accounts payable $ 210,000 2,950,000 Accrued liabilities 100,000 2,350,000 Demand and term bank loans 2,000,000 21,500,000 Bonds payable 10,000,000 -7,125,000 Preferred shares 565,500 18,000,000 Common shares 22,500,000 1,285,000 Retained earnings 4,384,500 $39,760,000 Total Liabilities & Shareholders' Equity $39,760,000 Land Long-term investments Total Assets Funding Source Cost (i.e. kbank; kponds etc.) Weighting WACC Bank % % % Bonds % Preferred shares se % % % Common shares % % 100.00% %