Samara Furniture Ltd$.$ has $50$ million common shares outstanding that are currently trading at a price of $$6\mathrm{.}50$ per share. These shares have a beta of $1\mathrm{.}40,$ the market price of risk is $7\%,$ and the risk$-$free rate is $3\%.$

Samara Furniture also has $10$ million preferred shares outstanding that have a book value of $$25$ million, consistently pay the stated dividend of $$2\mathrm{.}50$ per share, and are trading at a price of $$30$ per share.

The final component of Samara Furniture's capital structure is a $$100$ million face value bond issue that has a remaining term to maturity of $12$ years, carries a coupon rate of $5\%$ paid semi$-$annually, and has a current market price of $$103\mathrm{.}42$ per $$100$ face value bond.

Flotation costs

Flotation costs will be $3\%$ on and debt if Samara decides to issue debt. Samara Furniture's tax rate is $40\%.$

What is Samara Furniture's cost of equity, after$-$tax cost of debt, cost of preferred shares and WACC? No use of Excel or financial calculators permitted.