Question Completion Status: Debt 20 bonds with 8 % coupon rate, payable annually, 51.000 par value, 15 years to maturity, selling at 5970 per bond. 500 shares of common stock outstanding. The stock sells for a price of 5112 per share and has a beta of 1.6 Common Stock Preferred Stock 110 preferred shares outstanding, currently trading at $120 per share with a annual dividend payment of 57 Market The market risk premium is 996 and the risk free rate is 2% Tax Rate 2196 Calculate WACC? Do(1+9) +9 Cost of common equity: K. Pes Return or Cost of common equity: E() = r; +B[E(rm) - ry] Cost of Preferred Stock: Tips Dps Value of Preferred Stock WACC = W. *K.(1-T) + W. * K + Wys * Kps 14.50% 13.55% 15.53% 12.68%