Could someone do both and show the process

5. Beck Industries plans to issue $70 par preferred stock with an 8% dividend to raise funds. The stock is selling for $48, and Beck must pay flotation costs of 6% of the market price to issue the stock. What is the cost of capital for Beck? Ips = 12.4% 6. The capital structure for the Drake Corporation, which the company plans to maintain, is reflected in the dollar amounts the company intends to raise (see below). If the firm has a 5.5% (before-tax) cost of debt, a 13.5% cost of preferred stock, and an 18% cost of common equity, what is the firm's weighted average cost of capital? The company's tax rate is 30%. WACC = 14.63% Bonds Preferred Stock Common Equity $1,000,000 600,000 3,400,000