Question 24 (10 points) Tudor Motor Works Corporation has the following capital structure: 745,000 shares of common stock, which were issued at a price of $30 per share, and currently trade on the capital markets at $45 per share. The company paid a dividend this year of $1.50, and has a beta of 1.15. 35,000 shares of 7% preferred stock, which were issued at par of $100 and currently trade on the capital markets at $85 per share. 10,000 6% semi-annual bonds with a par value of $1,000 each. The bonds have 20 years to maturity and currently sell for 96% of par. Tudor's marginal tax rate is 30%. The return from the market 11.0%; and the risk-free rate is 4.0%. a. What is the firm's capital structure based on market values? (2 marks) b. What is Tudor's (after-tax) cost of common stock? (2 marks) c. What is Tudor's (after-tax) cost of preferred stock? (2 marks) d. What is Tudor's (after-tax) cost of debt? (2 marks) e. Calculate Tudor's weighted average cost of capital. (2 marks)