Merton Inc. has 12,500 bonds outstanding with a a face value of $1,000, a coupon rate of 4.70%, and 18 years to maturity. The these are currently selling for $970, which implies a yield-to-maturity of 4.96%. The company also has 64,000 shares of preferred stock that pay perpetual annual dividends of $4.90, which are currently selling for $75. There are 650,000 shares of common stock that are selling for $34 per shares. The stock has a beta of 0.90. The U.S. Treasury bill is yielding 1.7% and the expected long-term return on the market is 9.2%. The marginal corporate tax rate is 15 percent. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 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? %