public traded company with 116,000 outstanding common shares in total, and each share currently is currently traded in the market with a price of $24. Lighthouse also has outstanding bond and preferred shares. The outstanding bond has a total face value of $900,000 and market value of 105% of face value. Its preferred shares has a market price of $38 and total shares outstanding is 51,000. Lighthouses cost of common equity, cost of preferred share and cost of debt are 12%, 9% and 8% respectively. What is the cost of capital for Lighthouse? The companys tax rate is 35%.