Debt $,9,0007\mathrm{.}1$ percent coupon bonds outstanding, with $24$ years to maturity and a

quoted price of $108\mathrm{.}00.$ These bonds have a par value of $$2,000$ and pay

interest semiannually.

Common stock: $,305,000$ shares of common stock selling for $$66\mathrm{.}10$ per share. The stock has a

beta of $1\mathrm{.}06$ and will pay a dividend of $$4\mathrm{.}30$ next year. The dividend is

expected to grow by $5\mathrm{.}1$ percent per year indefinitely.

Preferred stock: $9,600$ shares of $4\mathrm{.}55$ percent preferred stock selling at $$95\mathrm{.}60$ per share.

Market: $10\mathrm{.}4$ percent expected return, a risk$-$free rate of $4\mathrm{.}40$ percent, and a $21$

percent tax rate.

What is the firm's cost of each form of financing?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is not complete.

Calculate the WACC for the company.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is not complete.

WACC