Assume the following parameters hold for a company trying to compute its weighted average cos of capital before undergoing a major expansion project: Tax rate =20% 15-year, 12% coupon, semiannual pyment noncallable bonds sell for $1,150.00. New bonds will be privately placed with no flotation cost. 10%,$100 par value, quarterly dividend, perpetual preferred stock sells for $110.10. Common stock sells for $45. DO=$4.15 and g=4%. b=1.3;rRF=8%;RPM=5% Bond-Yield Risk Premium =4%. Target capital structure: 25% debt, 15% preferred, 60% common equity. What is the company's after-tax annual cost of debt? Please express your answer in decimal form (not percentage). Keep at least 4 decimal places. issume the following parameters hold for a company trying to compute its weighted average cos of capital before undergoing a major expansion project: Tax rate =20% 15-year, 12\% coupon, semiannual payment noncallable bonds sell for $1,150.00. New bonds will be privately placed with no flotation cost. 10%,$100 par value, quarterly dividend, perpetual preferred stock sells for $110.10. Comman stock sells for $45. DO=$4,15 and g=4%. b=1.3;rRF=8%:RPM=5% Bond-Yield Risk Premium =4%. Target capital structure: 25% debt, 15% preferred, 60% common equity. What is the company's annual cost of preferred stock? Please express your answer in decimal form (not percentagel. Keep at least 4 decimai piaces