Below is information regarding the capital structure of Micro Advantage Inc. On the basis of this information you are asked to respond to the following three questions: Required: 1. Micro Advantage issued a $5,950,000 par value, 19-year bond a year ago at 96 (i.e., 96% of par value) with a stated rate of 7%. Today, the bond is selling at 110 i.e., 110% of par value). If the firm's tax bracket is 40%, what is the current after-tax cost of this debt? 2. Micro Advantage has $5,950,000 preferred stock outstanding that it sold for $25 per share. The preferred stock has a per share par value of $22 and pays a $2 dividend per year. The current market price is $26 per share. The firm's tax bracket is 29%. What is the after-tax cost of the preferred stock? 3. In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 71,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $160 per share. The expected after-tax market return on the firm's common equity is 16%. What is Micro Advantage's weighted average cost of capital (WACC)? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Micro Advantage issued a $5,950,000 par value, 19-year bond a year ago at 96 (i.e., 96% of par value) with a stated rate of 7%. Today, the bond is selling at 110 (ie., 110% of par value). If the firm's tax bracket is 40%, what is the current after-tax cost of this debt? (Round your answer to 2 decimal places. (i.e. 1234 = 12.34%)) Current after-tax cost of this debt Rocuired. 2