Problem 1 The CCC Corporation made available the following data as requested: Total interest payments on bonds payable P60,000 Preferred stock dividends 20,000 Common Stock dividends 24,000 Annual growth on common stock dividend 2% Market Values of: Bonds Payable P400,000 Common Stock 300,000 Preferred Stock 200,000% Retained Earnings 100,000 Company Tax rate 30% Stockholders' Marginal Tax Rate 70% REQUIRED: Calculate the firm's Cost of Capital