Given the following information:

Percent of capital structure:

Preferred stock	25	%
Common equity (retained earnings)	30
Debt	45

Additional information:

Corporate tax rate		34	%
Dividend, preferred	$	6.00
Dividend, expected common	$	3.50
Price, preferred	$	96.00
Growth rate		4	%
Bond yield		4	%
Flotation cost, preferred	$	10.20
Price, common	$	81.00

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.)

a. debt

b. preferred stock

c. common equity (retained earnings)

d. weighted average cost of capital