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Given the following information: Percent of capital structure: Debt 35 % Preferred stock 20 Common equity 45 Additional information: Bond coupon rate 14% Bond yield

Given the following information:

Percent of capital structure:

Debt 35 %
Preferred stock 20
Common equity 45

Additional information:

Bond coupon rate 14%
Bond yield to maturity 12%
Dividend, expected common $ 8.00
Dividend, preferred $ 15.00
Price, common $ 75.00
Price, preferred $ 126.00
Flotation cost, preferred $ 6.80
Growth rate 5%
Corporate tax rate 40%

Calculate the Hamilton Corp.'s weighted cost of each source of capital and the weighted average cost of capital. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.)

Weighted Cost

Debt ______ %

Preferred stock ______ %

Common equity ______ %

Weighted average cost of capital ______ %

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