Problem 11-22 Weighted average cost of capital [LO1] Given the following information, Percent of capital structure:

Debt	30%
Preferred stock	15
Common equity	55

Additional information:

Bond coupon rate		16	%
Bond yield to maturity		14	%
Dividend, expected common	$	7.00
Dividend, preferred	$	14.00
Price, common	$	70.00
Price, preferred	$	124.00
Flotation cost, preferred	$	5.80
Growth rate		10	%
Corporate tax rate		35	%

Calculate the Hamilton Corp.'s weighted cost of each source of capital and the weighted average cost of capital. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "%" sign in your response. Also, remember to multiply by various capital costs by the "percent of capital structure" weights.)

	Weighted cost
Debt (Kd)	%
Preferred stock (Kp)
Common equity (Ke)
Weighted average cost of capital (Ka)	%

Please show work