Problem 3 Sub CPMK. KAI Weighted Score: 2506 ANTMAN Co. owns 9 million shares of common stock, 200,000 shares of preferred stock with dividends of $ 2 per year, and 150,000 semi-annual coupon bonds of 8 percent $ 1,000 each. The new company's common stock sold for $ 30 per share and has a beta of 1.3, while the price of the preferred stock is $ 85 per share. Bond the company has a maturity date of 20 years and sells for $ 1,200. Yield The to maturity of the bond is assumed to be the same as the coupon The market risk premium is 8%, T-bills (risk-free ) provide a return of 5% and the corporate tax rate is 30%. a What is the composition of ANTMAN Co.'s capital structure? What percentage of debt and what percentage of equity? b. If the company decides not to issue preferred stock, how? the impact on the company's capital costs