Bblossom products currently has a debt with a market value of $200$ million outstanding. The debt consist of $9\%$ coupon bonds semi annual coupon payments that have a maturity of $15$ years and are currently priced at $$901\mathrm{.}77$ per bond. The firm also has an issue of $2$ million preferred shares outstanding with a market price of $$12$ per share. The preferred shares pay an annual dividend of $$1\mathrm{.}20$ blossom also has $14$ million shares of common stock outstanding with a price of $$20$ per share. the the firm is expected to pay a $$2\mathrm{.}20$ common dividend one year from today and the dividend is expected to increase by $4\%$ per year forever. If if blossoms is subject to a $28\%$ marginal tax rate, calculate the appropriate cost of For a new project that is financed with the same proportion of debt Prefpreferred shares and common shares as the firms current capital structure