Question 20 GHInc. is investing in a major capital budgeting project that we require the expenditure of 20 million. The money will be raised by issuing million of bonds. S4 million of preferred and still new common stock. The company estimates is after tax cost of debt to be . It cost of preferred stock to be the cost of retained earnings to be 14. and the cost of new common stock to be 17 Wlut is the weighted average cost of capital for this project 12.40% 14.125 13759