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Given the following information. Percent of capital structure: Debt 3 0 % Preferred stock 1 0 Common equity 6 0 Additional information: Corporate tax rate

Given the following information.
Percent of capital structure:
Debt 30%
Preferred stock 10
Common equity 60
Additional information:
Corporate tax rate 34%
Dividend, preferred $9.00
Dividend, expected common $3.50
Price, preferred $102.00
Corporate growth rate 6%
Bond yield 7%
Flotation cost, preferred $3.20
Price, common $70.00
Calculate the weighted average cost of capital for Hadley Corporation. Line up the calculations in the order shown in Table 111.(Round intermediate calculations to 2 decimal places. Round the final answers to 2 decimal places.)
Weighted Cost
Debt (Kd)
%
Preferred stock (Kp)
Common equity (Ke)
Weighted average cost of capital (Ka)
%

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