Given the following information: Percent of capital structure: Preferred stock Common equity (retained earnings) Debt 20% 70 10 Additional information: Corporate tax rate Dividend, preferred Dividend, expected common Price, preferred Growth rate Bond yield Flotation cost, preferred Price, common 34% $ 5.00 $ 5.50 $101.00 4% 5% $ 5.20 $ 74.00 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.) Notice that this problem asks for the weighted costs. These are the unweighted costs times the weights. Like this: (kd)(wd) = weighted cost of debt. Weighted Cost % Debt Preferred stock Common equity (retained earnings) Weighted average cost of capital 0.00%