Given the following information: Percent of capital structure: Preferred stock Common equity (retained earnings) Debt Additional information: 244 20% 40 40 Corporate tax rate Dividend, preferred Dividend, expected common Price, preferred Growth rate Bond yield Flotation cost, preferred Price, common 24% $ 8.50 $ 2.50 $105.00 7% 9.5% $ 3.60 $ 75.00 Calculate the weighted average cost of capital for Digital Processing answers as a percent rounded to 2 decimal places.) Debt Preferred stock Common equity (retained earnings) Weighted average cost of capital Weighted Cost % %