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Outstanding Bond Preferred Stock Info Common Stock Info (Annual Coupons) Preferred Divided $3.00 Current Dividend $4.00 Current Market Price Time to Maturity (years) 6 $35.00

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Outstanding Bond Preferred Stock Info Common Stock Info (Annual Coupons) Preferred Divided $3.00 Current Dividend $4.00 Current Market Price Time to Maturity (years) 6 $35.00 $42.00 Current Price Expected Growth in 3.00% Dividends Coupon Rate APR 5.00% Face Value $1,000.00 Current Market Price $985.00 Tax rate - 25.00% Based on the information in the table, what is the firm's after-tax cost of common stock? 12.81% 9.52% V 12.52% 14.11%

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