Determine the weighted average cost of capital (WACC) for Lim Corporation from the following data. Show all work & calculations. Long term debt: 570 bonds; price $965; yield-to-maturity 4.8% Preferred stock: Quarterly dividend $1.50/share; price $60/share; 4,000 shares outstanding Common equity: 50,000 shares authorized; 18,000 shares outstanding; price $40/share; beta 0.90 Other information: Tax rate 40%; U.S. Treasury securities annual yield 4.0%; expected S&P 500 Return 12.0%