Calculate the Hamilton Corp.'s weighted cost of each source of capital and the weighted average cost of capital. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.)

Given the following information:

Percent of capital structure:

Debt 25 %

Preferred stock 15 %

Common equity (retained earnings) 60 %

Additional information:

Bond coupon rate 13%

Bond yield to maturity 11%

Dividend, expected common $ 9.00

Dividend, preferred $ 16.00

Price, common $ 80.00

Price, preferred $ 144.00

Flotation cost, preferred $ 4.20

Growth rate 9%

Corporate tax rate 40%

WEIGHTED COST

• DEBT:
• PREFERRED STOCK:
• COMMON EQUITY (RETAINED EARNINGS):