Given the following information:

Percent of capital structure:

Preferred stock	20%
Common equity	40
Debt	40

Additional information:

Corporate tax rate		34	%
Dividend, preferred	$	8.50
Dividend, expected common	$	2.50
Price, preferred	$	105.00
Growth rate		7	%
Bond yield		9.5	%
Flotation cost, preferred	$	3.60
Price, common	$	75.00

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 (Kd)	%
Preferred stock (Kp)
Common equity (Ke)
Weighted average cost of capital (Ka)	%