Given the following information:

Percent of capital structure:

Preferred stock	35	%
Common equity (retained earnings)	45
Debt	20

Additional information:

Corporate tax rate		30	%
Dividend, preferred	$	8.00
Dividend, expected common	$	3.50
Price, preferred	$	110.00
Growth rate		6	%
Bond yield		6	%
Flotation cost, preferred	$	4.50
Price, common	$	85.00

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.)

Given the following information:

Percent of capital structure:

Preferred stock	35	%
Common equity (retained earnings)	45
Debt	20

Additional information:

Corporate tax rate		30	%
Dividend, preferred	$	8.00
Dividend, expected common	$	3.50
Price, preferred	$	110.00
Growth rate		6	%
Bond yield		6	%
Flotation cost, preferred	$	4.50
Price, common	$	85.00

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) _______%