QUESTION 13 The Common Equity component of capital is made up of Debt and Preferred Stock O Common Stock and Preferred Stock O Debt and Common Stock O Common Stock and Retained Earnings QUESTION 14 Afirm can issue a 30-year, 51,000 par, semiannual bond with an 8% coupon rate at price of $1,024.72. Its marginal tax rate is 35%. The firm's beta is 1.25, and the required return on the market is 12%, and the risk free rate is 7%. The firm just paid their annual dividend of $2.25 and their constant growth rate is 8% annually. Their stock is currently valued at $21.00. Flotation costs of 10% per share will be incurred on new common stock issues. Estimate the firm's Cost of Debt, after-tax. O 3.00% 4.5596 O 5.06% 7.45% O 8.00