Given the following information, please cakculate the firm's weighted average cost of capital (WACC). 40% 6% Interest Subsidy Tax Rote Before-Tax Cost of Debt Cost of Preferred Stock Cost of Common Stock 10% 13% The firm's capital structure is 50% debt, 5% preferred stock, and 45% common stock Post your answer as a percentage to 1 decimal place. (Do not enter the sign in your answer). For example: 4.2 The firm's capital structure: Debt 30%. Preferred Stock - 5%, and Common Stock Equity = 6596 Debt: The firm can sell a 20-year, S1,000 par value. 9 percent bond for $980. A flotation cost of 2 percent of the face (market) value would be required Preferred Stock: The firm has determined it can issue preferred stock at $65 per share par value. The stock will pay an $8.00 annual dividend. The cost of issuing and selling the stock is $3 per share Common Stock: The firm's common stock is currently selling for S40 per share. The dividend expected to be paid at the end of the coming year is $3.07. Its dividend payments have been growing at a constant rate for the last five years. Frve years ago, the dividend was $3.45. It is expected that to sell, a new common stock issue must be underpriced at $i per share and the firm must pay S1 per share in flotation costs. Additionally, the firm's tax rate is 40 percent With the above information, please calculate the firm's WACC Post your answer as a percentage to 1 decimal place but do NOT include the % sign In your answer. For example: 42