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A-Rod Menufacturng Compary is trying to calculate its cost of capital for use in making a capital budgeting decision Mr. Jeter, the vice-president of finunce, has given you the followerg informason and has asked you to compute the weighted averape cots of capital. The compary cameritly has outspanding a bond with a 107 percert coupon rate and another bond with an 83 peccent rate The firm has been insormed by as imestrent barker that bonds of equal risk and credit rating are now seling to yeld 11.6 percent. The common stock has a price of $61 and an expected dividend (O1) af $181 per share. The historical growh polliern fol for dividends s as follows: The preferred stock is seling at 581 per shwe and pays a dindend of $730 per shave. The corporate tax rate is 30 percent. The fotasion cost is 30 percent of the seling peice for preferred stock. The opomum capital structure sor the trm is 20 percent debt, 10 percent preferred stock, and 70 percent common equty in the form of ietained eacnings. a. Compute the average histonical growth rate. fDo not round internedinte colculations. Reund your answer to the neserest whole percent and une this value as g. Input your answer as o whole percent) b. Compute the cost of captal for the individual components in the captel structure. fUse the rounded whole percent computed in part a for 9 . Do not round ony other intermediote calculations, Input your onswert as s percent rounded to 2 decimal ploces.) colculations. Input your antwers os a percent rounded to 2 decimal pleces.) Answer is complete but not entirely carrect