HBM, Inc has the following capital structure: Assets $ 350,000 Debt $ 140,000 Preferred stock 35,000 Common stock 175,000 The common stock is currently selling for $17 per share, pays a cash dividend of $0.95 per share, and is growing annually at 4 percent. The preferred stock pays a $5 cash dividend and currently sells for $97 per share. The debt pays interest of 6.0 percent annually, and the firm has a 25 percent tax rate. What is the after-tax cost of debt? Round your answer to two decimal places. % What is the cost of preferred stock? Round your answer to two decimal places. % What is the cost of common stock? Assume that the current $0.95 dividend