how is the interest/dividend rate solved for preferred and common stock?

Required: 1. Micro Advantage issued a $5,000,000 par value, 20-year bond a year ago at 98 (i.e., 98% of par value) with a stated rate of 9%. Today, the bond is selling at 110 (i.e., 110% of par value). If the firm's tax bracket is 30%, what is the current after-tax cost of this debt? 2. Micro Advantage has $5,000,000 preferred stock outstanding that it sold for $24 per share. The preferred stock has a per share par value of $25 and pays a $3 dividend per year. The current market price is $30 per share. The firm's tax bracket is 30%. What is the after-tax cost of the preferred stock? 3. In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 50,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $170 per share. The expected after-tax market return on the firm's common equity is 20% What is Micro Advantage's weighted-average cost of capital (WACC)? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 50,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $170 per share. The expected after-tax market return on the firm's common equity is 20%. What Is Micro Advantage's weighted average cost of capital (WACC)? (Round "After-tax Rate or Expected Return" and "Cost of Capital Components" to 2 decimal places (i...1234 = 12.34%), "Weights" to 3 decimal places, and other answers to the nearest whole dollar amount.) Show less Interest or Book Value After-tax Rate or Current Cost of Capital Dividend Rate Expected Return Market Values Weights Components Bond $ 5,000,000 9 % 5.73% $ 5,500,000 0.275 1.58 % Preferred stock $ 5,000,000 10 10.00% $ 6,000,000 0.300 % Common stock $ 500,000 0 % 20.00 1% $ 8,500,000 0.425 Total $ 10,500,000 $ 20,000,000 1.000 1.58 OO OOO 12