Calculate the cost of debt. (Round calculations to 4 decimal places and have final answer to 2 decimal places)

Please also instruct how to find calculations through financial calculator

The Ivanhoe Products Co. currently has debt with a market value of $250 million outstanding. The debt consists of 9 percent coupon bonds (semiannual coupon payments) that have a maturity of 15 years and are currently priced at $1,423.92 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $15.00 per share. The preferred shares pay an annual. dividend of $1.20. Ivanhoe also has 14 million shares of common stock outstanding with 1 price of $20.00 per share. The firm is expected to pay a $2.20 common dividend one year from today, and that dividend is expected to increase by 4 percent per year forever. If Ivanhoe is subject to a 28 percent marginal tax rate