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Information on Janicek Power Co., is shown below. Assume the companys tax rate is 40 percent. Debt: 8,900 8.2 percent coupon bonds outstanding, $1,000 par

Information on Janicek Power Co., is shown below. Assume the companys tax rate is 40 percent.

Debt:

8,900 8.2 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 103 percent of par; the bonds make semiannual payments.

Common stock: 214,000 shares outstanding, selling for $83.40 per share; beta is 1.19.
Preferred stock:

12,400 shares of 5.95 percent preferred stock outstanding, currently selling for $97.60 per share.

Market: 7.2 percent market risk premium and 5 percent risk-free rate.

Required:

What is the company's cost of each form of financing? (Do not round intermediate calculations. Enter your answers as a percentage rounded to 2 decimal places (e.g., 32.16).)

Cost
Cost of equity %
Aftertax cost of debt %
Cost of preferred stock %

Calculate the company's WACC. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

WACC %

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