Question Completion Status: QUESTION 1 Use the following information for this and the next question Bean Pharmaceuticals has 1,000,000 shares of common stock with a market price of $35 per share, 225,000 shares of preferred stock with a market price of $98 per share, and 10,000 bonds outstanding which are selling in the market at 97.25 percent of par. The company needs new capital of $12 million to expand its asset base. It has calculated that the after-tax cost of new equity is 12.50% and the cost of new preferred stock is 9.4%. The company's bonds are yielding 8% in the market Corporate tax rate is 34% What percent of the new expansion funds must be in the form of equity? A 330% B. 524% OC 145% OD 28.9% E 72.5% OF 100% QUESTION ? Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers G Type here to search e a Bean Pharmaceuticals has 1,000,000 shares of common stock with a market price of $35 per share, 225,000 shares of preferred stock with a market price of $98 per share, and 10,000 bonds outstanding which are selling in the market at 97.25 percent of par. The company needs new capital of $12 million to expand its asset base. It has calculated that the after-tax cost of new equity is 12.50% and the cost of new preferred stock is 9.4%. The company's bonds are yielding 8% in the market. Corporate tax rate is 34% What percent of the new expansion funds must be in the form of equity? OA 330% B.524% OC 14.5% OD 28.9% OE 12.5% OF. 100% QUESTION 2 What is the weighted average cost of capital? A 113% OB 104% C 11.7% OD 10.8% E 12.15 F. 97%