Preferred stock 15 % Common equity (retained earnings) 45 Debt 40 Additional information: Corporate tax rate 35 % Dividend, preferred $ 10.00 Dividend, expected common $ 5.50 Price, preferred $ 98.00 Growth rate 10 % Bond yield 11 % Flotation cost, preferred $ 8.20 Price, common $ 77.00 Calculate the weighted average cost of capital for Digital Processing Inc.