Given the following information:

Percent of capital structure:

Preferred stock	15	%
Common equity	55
Debt	30

Additional information:

Corporate tax rate		30	%
Dividend, preferred	$	8.00
Dividend, expected common	$	4.50
Price, preferred	$	99.00
Growth rate		9	%
Bond yield		9	%
Flotation cost, preferred	$	4.40
Price, common	$	88.00

Calculate the weighted average cost of capital for Digital Processing Inc. (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	0.00	%