iven the following information Red Ltd., calculate the companys weighted average cost of capital assuming that new shares are issued. (Use 4 decimal places) Market Value Weights: Bonds 25% Preferred Stock 15% Common Stock 60% Bond Coupon Rate 8.5% Bond Yield 7% Bond flotation cost 2% Common share price $30 Common shares expected Dividend $1.50 Common shares flotation cost 4% Preferred share dividend 5% Preferred share flotation cost 3% Corporate growth rate 6% Corporate tax rate 35%