Given the following information,

Percent of capital structure:

Preferred stock	20%
Common equity	50
Debt	30

Additional information:

Corporate tax rate		40	%
Dividend, preferred	$	9.00
Dividend, expected common	$	4.50
Price, preferred	$	106.00
Growth rate		10	%
Bond yield		13	%
Flotation cost, preferred	$	3.60
Price, common	$	80.00

Calculate the weighted average cost of capital for Hadley Corporation.(Round your intermediate calculations and final answers to 2 decimal places. Omit the "%" sign in your response.Also, remember to multiply by various capital costs by the "percent of capital structure" weights.)

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