Risk Free Rate: 4.5%, Market Risk Premium 9.6%, Marginal Tax Rate 15%

Stock $50 per share Beta 1.21 2 million shares outstanding Par value $1 Bonds 10,000 outstanding Par value $1000 8% annual coupon (coupons paid semiannually) 22 years to maturity Market price: $1,101.23 Preferred Stock 150,000 shares outstanding Coupon payment of $10 Market price of $120 Par value $100 What is the weighted cost of equity? What is the after-tax weighted cost of debt? What is the weighted cost of preferred stock? What is the WACC