Percent of capital structure:
Debt		30	%
Preferred stock		15
Common equity		55
Additional information:
Bond coupon rate		10	%
Bond yield		8	%
Dividend, expected common		$4.00
Dividend, preferred		$11.00
Price, common		$55.00
Price, preferred		$118.00
Flotation cost, preferred		$2.80
Corporate growth rate		7	%
Corporate tax rate		35	%

Calculate the weighted average cost of capital for Genex Corporation. Line up the calculations in the order shown in Table 11-1.