(Gndvidus/ or component costs or capea) Conpuse the cost of the following matse is 13 years. The firtis average tax rate is 30 percent and ats marginal tax rave is 23 percent. to conteue into the foreseeable thture. The compary maintains a constart divilend-earrings rato of 30 percent. The price of pis shock is now $29, but 7 percent foestion coib are anbeipated. c. Intemal common equity atien the currert market price of the common stock is 547 . The expected divdend this coming year should be 5310 , inereating thereafter at an aincuil growith rate of 8 petcent. The corporation's taxrate is 23 percont d. A preferred stack paring a dividend of 11 percent on a 5150 par value. If a new bsue is ofered, fotation cots wili be 12 percert of the current price of 51733 the bond with the present value of the future cashifows (orincipal and inserent) a. What is the frms afar-tax cost of debt on the bond? (Rosind to two decinal places)