Given the following information.

Percent of capital structure:
Debt		40	%
Preferred stock		20
Common equity		40
Additional information:
Bond coupon rate		12	%
Bond yield		10	%
Dividend, expected common		$6.00
Dividend, preferred		$13.00
Price, common		$65.00
Price, preferred		$122.00
Flotation cost, preferred		$4.80
Corporate growth rate		9	%
Corporate tax rate		30	%

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)	%