Merton Inc. has 8,500 bonds outstanding with a a face value of $1,000, a coupon rate of 5.50%, and 16 years to maturity. The these are currently selling for $960, which implies a yield-to-maturity of 5.89%. The company also has 38,000 shares of preferred stock that pay perpetual annual dividends of $7.80, which are currently selling for $110. There are 355,000 shares of common stock that are selling for $61 per share. The stock has a beta of 1.30. The U.S. Treasury bill is yielding 2.2% and the expected long-term return on the market is 8.6%. 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, 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 firms weighted average cost of capital? %