Eastern Music has 20,000 shares of common stock outstanding at a price per share of $30.

The firm also has 5,000 share of 5 percent preferred stock outstanding at a price per share of $60. The preferred stock has a stated value of $100.

The company has a bond outstanding that sells for $102 and matures in 5 years. The total face value of the bond is $300,000. The bond pays semi-annual coupons and has a coupon rate of 4%.

The company has a beta of 1.66. The ten-year US treasury bond yield is 3%. The market risk premium is 5%.

What is the company's after-tax cost of debt, if the company's tax rate is 25%?

What is the company's cost of preferred stock?

.What is the debt-to-capital ratio? Assuming that preferred stock is not considered as debt.

What is the company's WACC?