Determine the ending inventory and cost of goods sold that Penny should report assuming that the firm does not use preferred stocks.A dividend of $5.6 per share was just paid on common stocks.You estimated that the dividends of common stocks will have a growth rate of 4% forever. A share of common stock currently sells for $87. The weight of equity is 50%.The weight of debt is 50%.The cost of debt is 10%.The tax rate is 20%.

What is the weighted average cost of capital?