per year at $59.00 per share. Also, its common stock currently sells for $42.00 per share; the next expected dividend, D1, is $4.25;andthediv expected to grow at a constant rate of 7% per year. The target capital structure consists of 75% common stock, 15% debt, and 10% preferred stock. Cost of debt: Cost of preferred stock: 3% Cost of retained earnings: b. What is Adamson's WACC? Do not round intermediate calculations. Round your answer to two decimal places