Given the following information.

Percent of capital structure:
Debt	30%
Preferred stock	10
Common equity	60
Additional information:
Bond coupon rate	18%
Bond yield	15%
Dividend, expected common	$8.00
Dividend, preferred	$15.00
Price, common	$75.00
Price, preferred	$112.00
Flotation cost, preferred	$6.50
Corporate growth rate	3%
Corporate tax rate	35%

Calculate the weighted average cost of capital for Genex Corporation. Line up the calculations in the order shown in Table 11-1. (Do not round your intermediate calculations and round your final answers to 2 decimal places.)

	Weighted Cost
Debt (Kd)	%
Preferred stock (Kp)
Common equity (Ke)
Weighted average cost of capital (Ka)	%