Problem 11-05 HBM, Inc has the following capital structure: Assets $ 550,000 Debt $ 192,500 Preferred stock 82,500 Common stock 275,000 The common stock is currently selling for $17 a share, pays a cash dividend of $0.80 per share, and is growing annually at 8 percent. The preferred stock pays a $9 cash dividend and currently sells for $100 a share. The debt pays interest of 8.0 percent annually, and the firm is in the 30 percent marginal tax bracket. What is the after-tax cost of debt? Round your answer to two decimal places. % What is the cost of preferred stock? Round your answer to two decimal places. % What is the cost of common stock? Assume that the current $0.80 dividend grows by 8 percent during the year. Round your answer to two decimal places. % What is the firms weighted-average cost of capital? Round your answer to two decimal places.