Merton Inc. has 9,700 bonds outstanding with a a face value of $1,000, a coupon rate of 3.80%, and 17 years to maturity. The these are currently selling for $1,020, which implies a yield-to-maturity of 3.64%. The company also has 68,000 shares of preferred stock that pay perpetual annual dividends of $4.10, which are currently selling for $90. There are 450,000 shares of common stock that are selling for $53 per shares. The stock has a beta of 0.85. The U.S. Treasury bill is yielding 1.9% and the expected long-term return on the market is 8.8%. The marginal corporate tax rate is 35 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? %