Given the following information: Percent of capital structure Preferred stock Common equity (retained earnings) Debt 15% 55 30 Additional information: Corporate tax rate Dividend, preferred Dividend, expected common Price, preferred Growth rate Bond yield Flotation cost, preferred Price, common 30% $ 8.00 $ 4.50 $99.00 9 9N 4.40 $ 58.00 Calculate the welghted average cost of capital for Digital Processing Inc (Do not round intermediate calculations. Input your answers as o percent rounded to 2 decimal places.) Notice that this problem asks for the weighted costs. These are the unweighted cost times the weg Like the weighed cost of debt Help Seve Ches Corporate tax rate Dividend, preferred Dividend, expected common Price, preferred Growth rate Bond yield Flotation cost, preferred Price, common 30% $ 8.00 $ 4.50 599.00 9 9% $4.40 588.00 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.) Notice that this problem asks for the weighted costs. These are the unweighted costs times the weights Like this: ikdw=weighted cost of debt. Weighted Cost 1899 Debt Preferred stock Common equity retained earnings) Weighted average cost of capital 1 89