(Individual or component costs of capital) Compute the cost of capital for the firm for the following a. Currently bonds with a similar credit rating and maturity as the firm's outstanding debt are selling to yield 8 71 percent while the borrowing firm's corporate tax rate is 34 percent b. Common stock for a firm that paid a $103 dividend last year. The dividends are expected to grow at a rate of 53 percent per year into the foreseeable future. The price of this stock is now $25.17 c. A bond that has a $1,000 par value and a coupon interest rate of 12 3 percent with interest paid semiannually. A new issue would sell for $1,148 per bond and mature in 20 years. The firm's tax rate is 34 percent d. A preferred stock paying a dividend of 72 percent on a $92 par value. If a new issue is offered the shares would sell for $85 23 per share a. The after-tax cost of detit debt for the firm is % (Round to two decimal places.)