Question 49 (1 point) The Clarion Pop Corporation has the following items on their income and balance sheets (values in tables are in thousands Balance Sheet Items Assets) Cash Accounts Receivable 560 Inventory Last Year Two Years Ago 460 460 286 420 284 Total Current Assets Fixed Assets 4700 5060 2295 2056 Depreciation Net Fixed Assets Balance Sheet Items (Liabilities) Accounts Payable Notes Payable 570 520 90 92 Total Current Liabilities Long Term Liabilities Total Liabilities Preferred Stock Common Stock Retained Earnings Total Liabilities and Equity 1030 1000 1235 1235 3320 3320 1430 1090 Income Statement Items Past Year Two Years Ago Sales Cost of Goods Sold Operating Expenses Interest (Paid L/T Debt) Taxes Paid Preferred Stock Dividends Paid 72 3000 2600 1920 1740 565 56 81 545 89 21 What is the Weighted average cost of capital for last year for Clarion Pop if the rate on the common stock is 11.10%? Express your answer as .xxxx. (Hint: First Calculate the Percentages of Common Stock, Preferred Stock, and Long-Term Debt. Do not include Retained Earnings. Net compute the rate [percentage cost] for Long-Term Debt and Preferred Stock. Then compute the weighted average.) Your