Given the following information.

Percent of capital structure:
Debt		35	%
Preferred stock		20
Common equity		45
Additional information:
Bond coupon rate		11	%
Bond yield		9	%
Dividend, expected common		$5.00
Dividend, preferred		$12.00
Price, common		$60.00
Price, preferred		$120.00
Flotation cost, preferred		$3.80
Corporate growth rate		8	%
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)	%