Percent of capital structure:

Preferred stock

Common equity $(retained$ earnings$)15\%$

Debt $45$

$,40$

Additional information:

Corporate tax rate

Dividend, preferred

Dividend, expected common

Price, preferred

Growth rate

Bond yield

Flotation cost, preferred

Price, common

$35\%$

$$10\mathrm{.}00$

$$5\mathrm{.}50$

$$98\mathrm{.}00$

$108$

$11\%$

$$8\mathrm{.}20$

$$77\mathrm{.}00$

Calculate the weighted average cost of capital for Digital Processing Incorporated

Note: Do not round intermediate calculations. Input your answers as a percent rounded to $2$ decimal places.

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