Problem 11-23 Weighted average cost of capital (LO11-1) Given the following information: Percent of capital structure: Preferred stock Common equity (retained earnings) Debt am UU Additional information: Corporate tax rate Dividend, preferred Dividend, expected common Price, preferred Growth rate Bond yield Flotation cost, preferred Price, common 40% $ 5.00 $ 2.50 $97.00 3% 12% $ 9.20 $79.00 Calculate the weighted average cost of capital for Digital Processing Inc. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) Weighted Cost Debt Preferred stock Common equity (retained earnings) Weighted average cost of capital