Given the following information, calculate the weighted average cost of capital for Puppet Corporation. (Round intermediate calculations to 2 decimal places. Round the final answers to 2 decimal places.) Percent of capital structure: Debt 45% Preferred stock 30 Common equity 25 Additional information: Bond coupon rate 8.5% Bond yield 7.50% Bond flotation cost 2% Dividend, expected common $1.50 Price, common $30.00 Dividend, preferred 7% Flotation cost, preferred 3% Flotation cost, common 4.00% Corporate growth rate 5% Corporate tax rate 35% a. Calculate the cost of capital assuming use of internally generated funds. Internal capital cost % b. Calculate the cost of capital assuming use of externally generated funds. External capital cost % c. Not suitable for Connect