Given the following information.

Percent of capital structure:
Debt		45	%
Preferred stock		20
Common equity		35
Additional information:
Corporate tax rate		40	%
Dividend, preferred		$5.00
Dividend, expected common		$2.50
Price, preferred		$97.00
Corporate growth rate		3	%
Bond yield		12	%
Flotation cost, preferred		$9.20
Price, common		$84.00

Calculate the weighted average cost of capital for Hadley Corporation. Line up the calculations in the order shown in Table 111. (Round intermediate calculations to 2 decimal places. Round the final answers to 2 decimal places.)

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