Given the following information.

Percent of capital structure: Debt 35 % Preferred stock 20 Common equity 45 Additional information: Bond coupon rate 10 % Bond yield 8 % Dividend, expected common $6.00 Dividend, preferred $13.00 Price, common $65.00 Price, preferred $138.00 Flotation cost, preferred $5.20 Corporate growth rate 5 % Corporate tax rate 40 %

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) %