Calculate the firm's WACC (weighted average cost of capital) assuming that internally generated equity will satisfy next year's common equity needs. In your solution, in addition to the calculation for WACC, please also show your supporting calculations for the following (16 points): capital component weights cost of debt cost of preferred stock cost of common equity You must type in both the answer and all of your work to receive credit. Be sure to use 4 decimal places (25.25% or 0.2525). Current assets 3,100 growth rate 7.50% Property, plant & equip 3,400 coupon on new bonds 7.75% Total assets 6,500 25.00% 8.00% Current liabilities 1,500 S24.00 corporate tax rate dividend on preferred price of common price of $100 par value preferred anticipated common dividend Long-term debt 1,800 $75.00 Preferred stock, 5100 500 $1.65 par Common stock, no par 1,200 flotation costs on preferred $4.00 flotation costs on Retained earnings 1,500 $2.50 common Total liabilities & equity 6,500