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Information on Lightning Power Co., is shown below. Assume the company's tax rate is 24 percent Debt 17,900 5.9 percent coupon bonds outstanding, $1,000 par

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Information on Lightning Power Co., is shown below. Assume the company's tax rate is 24 percent Debt 17,900 5.9 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 1075 percent of par, the bonds make semiannual payments Common stock: 605,000 shares outstanding, selling for $84.50 per share, beta is 125. Preferred stock: 27,000 shares of 4.4 percent preferred stock outstanding, currently selling for $92.40 per share. The par value is $100. Market 6.7 percent market risk premium and 3.3 percent risk-free rate. What is the company's cost of each form of financing? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 11.68% Cost of equity Aftertax cost of debt Cost of preferred stock % % search O

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