Check my work mode : This shows whorrector orrect fu Given the following information: Percent of capital structure: Preferred stock Common equity (retained earnings) Debt 30% 40 30 Additional information: Corporate tax rate Dividend, preferred Dividend, expected common Price, preferred Growth rate Bond yield Flotation cost, preferred Price, common 34% $ 5.00 $ 1.50 $ 96.00 4% 11% $ 9.50 $82.00 Calculate the weighted average cost of capital for Digital Processing Inc. (Do not round answers as a percent rounded to 2 decimal places.) * Answer is complete but not entirely correct. Weighted Cost Debt 2.51 X % Preferred stock 8.38 X Common equity (retained earnings) 3.56 X Weighted average cost of capital 14.45 %