Defense Solutions Corp. wants to calculate its weighted average cost of capital. Defense Solutions has $18M in 6.10% 2040 bonds outstanding that are currently priced at $972.50. It also has 1.4 million shares of 4.25% Preferred stock, par value $60 per share outstanding, currently priced at $62 per share. Finally, it also has 15 million shares of common stock outstanding, and just paid a dividend of $2.00 per share that is expected to grow at a rate of 2.50% for the foreseeable future, and this common stock is currently priced at $29.16 per share. The tax rate for Defense Solutions is 21%.