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 1.20. The U.S. Treasury bill is yielding 2.1% and the expected long-term return on the market is 9.7%. The marginal corporate tax rate is 21 percent. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, eg 32.16) 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 weighted average cost of capital? %