Given the following information:

Percent of capital structure:

Preferred stock	20	%
Common equity	70
Debt	10

Additional information:

Corporate tax rate		34	%
Dividend, preferred	$	5.00
Dividend, expected common	$	5.50
Price, preferred	$	101.00
Growth rate		4	%
Bond yield		5	%
Flotation cost, preferred	$	5.20
Price, common	$	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.)

Debt:

Preferred Stock:

Common Equity:

Weighted Average Cost of Capital: