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 7.75% 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 & 3,400 coupon on new bonds equip Total assets 6,500 corporate tax rate 25.00% dividend on preferred 8.00% Currunt liabilities 1,500 price of corririon $24.00 price of $100 par value 1.800 Long-term debt $75.00 preferred Preferred stock, $100 anticipated common 500 $1.65 par dividend Common stock, no par 1,200 flotation costs on $4.00 preferred Retained earnings 1,500 flotation costs on common $2.50 Total liabilities & equity 6,500