Chelsea Fashions is expected to pay an annual dividend of S0.80 a share next year. The market price of the stock is $19.60 and the growth rate is 5 percent. What is the firm's cost of equity? Kellogg's CFO is in the process of determining the firm's WACC and needs to figure out the weights of the various types of capital sources. Accordingly, he starts by collecting information from the balance sheet and the capital markets, and makes up the table shown below: Current Balance Number Market Component Sheet Value Outstanding Price Market Value Dche S150,000,000 150,000 51,075 Preferred Steck 45,000,000 1.500,000 SO Common Stock $180,000,000 $45.57 Total assets - $375,000,000 Corporate tax rate - 30% Before tax cost of debt = 7.6% Cost of Preferred Stock = 10.53% Cost of Common Stock = 11.36% 4. Based upon the above information, calculate the firm's adjusted weighted average cost of capital using its book value s. Based upon the above information, calculate the firm's adjusted weighted average cost of capital using its market value Bleakly Enterprises has a capital structure of 40 percent common stock, 10 percent preferred stock, and 50 percent debt. The flotation costs are 4.5 percent for debt, 7 percent for preferred stock, and 9.5 percent for common stock. What is the weighted average flotation cost