Problem 11-22 Weighted average cost of capital [LO11-1] Given the following information: Percent of capital structure: Debt 30% Preferred stock 15 Common equity 55 Additional information: Bond coupon rate 9% Bond yield to maturity 8% Dividend, expected common $ 5.00 Dividend, preferred $ 12.00 Price, common Price, preferred $ 60.00 $136.08 Flotation cost, preferred $ 6.20 Growth rate 4% Corporate tax rate 35% Calculate the Hamilton Corp.'s weighted cost of each source of capital and the weighted average cost of capital. (Do not round Intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) Debt Preferred stock Common equity Weighted Cost 96 Weighted average cost of capital %