Merton Inc. has 9,000 bonds outstanding with a face value of $1,000, a coupon rate of 5.50%, and 16 years to maturity. The these are currently selling for $980, which implies a yield-to-maturity of 5.694%. The company also has 38,000 shares of preferred stock that pay perpetual annual dividends of $7.60, which are currently selling for $110. There are 355,000 shares of common stock that are selling for $62 per shares. The stock has a beta of 1.10. 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? 1% 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? %