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Evaluate the following information about how your company funds its operations: Preferred stock: - 24,000 shares preferred stock outstanding. - Priced at $93 per share.

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Evaluate the following information about how your company funds its operations: Preferred stock: - 24,000 shares preferred stock outstanding. - Priced at $93 per share. - $4.80 dividend per share. Debt: - 21,000 bonds, 7% coupon bonds outstanding, with semiannual payments. - \$1,000 face value. - 22 years to maturity. - Selling at $1,080 per bond. Market: - 5% market risk premium. - 5.3% risk-free rate. - Company's tax rate is 21%. Common Stock: - 540.000 shares outstanding. - Priced at $72 per share. - Beta is 1,18

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