Al Jameel Center has determined its optimal capital structure, which is composed of the following Sources: Source of Capital Target Mark Preptes Preferred stock Commande Debt: Aljameel center can sell a 20-year. $1.000 par value. 9 percent bond for $980. A flotation cost of 2 percent of the face value would be required in addition to the discount of $20. Preferred Stock: Aljameel center has determined it can issue preferred stock at $65 per share par value. The stock will pay an $8.00 annual dividend. The cost of issuing and selling the stock is $3 per share. Common Stock: Aljameel center's common stock is currently selling for $40 per share. The dividend expected to be paid at the end of the coming year is $5.07. Its dividend payments have been growing at a constant rate for the last five years. Five years ago, the dividend was $3.45. It is expected that to sell, a new common stock issue must be underpriced at si per share and the firm must pay $1 per share in flotation costs. Additionally, the firm's marginal tax rate is 40 percent. Calculate AlJameel center's weighted average cost of capital