Merton Inc. has 10,500 bonds outstanding with a a face value of $1,000, a coupon rate of 3.80%, and 22 years to maturity. The these are currently selling for $985, which implies a yield-to-maturity of 4.41%. The company also has 22,000 shares of preferred stock that pay perpetual annual dividends of $14.20, which are currently selling for $210. There are 750,000 shares of common stock that are selling for $31 per shares. The stock has a beta of 120. The U.S. Treasury bill is yielding 2.1% and the expected long-term return on the market is 97%. The marginal corporate tax rate is 21 percent. (Do not found intermediate calculations and enter your answers as a percent rounded to 2 decimal places, eg. 3216) What is the implied return on the preferred stock? What is the required return for the common stockholders? What is the weight of total assets held by the bondholders? What is the firm's weighed average cost of capital? %