Average Cost of pital practice Granby Foods' (GF) has the following balance sheet ASSETS Cash Inventory Accounts Receivable Current Assets Property Plant and Equipment Total Assets 2. 2,500 15,500 4,000 22,000 75,000 97,000 3. 01225 -0.05 = 1998 20 3 LIABILITIES AND EQUITY Accounts Payable Accruals Notes Payable Current Liabilities L-t debt Total Liabilities Preferred Stock Common Stock Retained Earnings 4,500 Total Equity Total liabilities and equity 5,500 6,000 12,000 25,000 37,000 10,000 20,000 12= 10%. The firm's long-term debt has a coupon rate of 8.50%. The debt has a maturity of 10 years, a $1,000 par value, and currently sells for $1,160.75 per bond. The company has 10 million shares of stock outstanding, and the stock has a book value per share of $5.00. The company just paid a common dividend of $1.38, and dividends are expected to grow at a constant rate of 5% per year. The stockholders' required rate of return, rs, is 12.25%. The company's has 1 million shares of preferred stock that sells for $12