Problem 11-26 Given the following information, calculate the weighted average cost of capital for Puppet Corporation. (Round intermediate calculations to 2 decimal places. Round the final answers to 2 decimal places.) 40% 40 20 Percent of capital structure: Debt Preferred stock Common equity Additional information: Bond coupon rate Bond yield Bond flotation cost Dividend, expected common Price, common Dividend, preferred Flotation cost, preferred Flotation cost, common Corporate growth rate Corporate tax rate 8.5% 8.00% 2% $2.00 $32.00 7% 3% 4.50% 5% 35% a. Calculate the cost of capital assuming use of internally generated funds. Internal capital cost % b. Calculate the cost of capital assuming use of externally generated funds. External capital cost % c. Not suitable for Connect