Given the following information:

Percent of capital structure:

Preferred stock	30%
Common equity (retained earnings)	50
Debt	20

Additional information:

Corporate tax rate	40%
Dividend, preferred	$8.00
Dividend, expected common	$3.50
Price, preferred	$103.00
Growth rate	8%
Bond yield	9%
Flotation cost, preferred	$7.20
Price, common	$78.00

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		%
Preferred stock
Common equity (retained earnings)
Weighted average cost of capital	0.00	%