Assets $ 550,000 Debt $ 220,000 Preferred stock 82,500 Common stock 247,500 The common stock is currently selling for $12 a share, pays a cash dividend of $0.70 per share, and is growing annually at 7 percent. The preferred stock pays a $10 cash dividend and currently sells for $89 a share. The debt pays interest of 8.5 percent annually, and the firm is in the 30 percent marginal tax bracket. What is the after-tax cost of debt? Round your answer to two decimal places. 5.95 % What is the cost of preferred stock? Round your answer to two decimal places. 11.24 % What is the cost of common stock? Assume that the current $0.70 dividend grows by 7 percent during the year. Round your answer to two decimal places. 13.24 % What is the firms weighted-average cost of capital? Round your answer to two decimal places. %