Corporate bonds for ECN Inc. have an annual yield to maturity of 4% and market value of $50,000. Preferred shares of ECN Inc. have a market discount rate of 9% and are valued at $75,000. Common shares of ECN Inc. currently are $50 per share with 2000 shares outstanding. The market discount rate for common shares is 12%. The tax rate is 25% for all corporations.

1.The total value of ECN Inc is

2.The effective cost of debt is

3.What is the weighted average cost of capital?