its question 8. step by step solutions please. no excel solutions please

cost of new preferred stock? 8. Corrado Construction Corporation has a target capital structure of 35 percent common stock, 10 percent preferred stock, and 55 percent debt. Its cost of common equity is 19 percent, the cost of preferred stock is 8 percent, and the cost of debt is 11 percent. The tax rate is 38 percent. What is Corrado's WACC? Delta Corporation has common stock of $50 million, preferred stock of $20 million, 9