Given the following information:

Percent of capital structure:

Debt $30\%$

Preferred stock $15$

Common equity $($retained earnings$)55$

Additional information:

Bond coupon rate $16\%$

Bond yield to maturity $14\%$

Dividend, expected common $ $7\mathrm{.}00$

Dividend, preferred $ $14\mathrm{.}00$

Price, common $ $70\mathrm{.}00$

Price, preferred $ $124\mathrm{.}00$

Flotation cost, preferred $ $5\mathrm{.}80$

Growth rate $10\%$

Corporate tax rate $35\%$

Calculate the Hamilton Corporation's weighted cost of each source of capital and the weighted average cost of capital.