C. The company can issue $1.95 dividend preferred stock for a market price of $33 per share. Flotation costs would amount to $2 per share. What is the cost of preferred stock financing? d. The company can issue $1,000-par-value, 7% coupon, 15-year bonds that can be sold for $1,150 each. Flotation costs would amount to $20 per bond. Use the estimation formula to figure the approximate after-tax cost of debt financing? e. What is the WACC? Cost of capital Edna Recording Studios, Inc., reported earnings available to common stock of $4,400,000 last year, From those earnings, the company paid a dividend of $1.16 on each of its 1,000,000 common shares outstanding The capital structure of the company includes 25% debt, 10% preferred stock, and 65% common stock. It is taxed at a rate of 29%