Section II: Short answer questions Use the information in the table below to answer the questions a - c. - Debt: 60,000 bonds with 7% Coupon Rate and 8% Yield to Maturity (VTM), selling at $1,050 per bond - Common Stock: 1,200,000 shares of common stock outstanding. The stock selis for a price of $25 per share and has a beta of 1.4 - Preferred Stock: 200,000 preferred shares outstanding, currently trading at $120 per share; with an annual dividend payment of $10.00 - Market: The market portfolio return is 9.5% and the risk free rate is 2.5% - Tax Rate : 40% A. What is the after-tax cost of debt? ( 1.3 point) B. What is the company's cost of preferred stock and common stock? (1.3 point) c. Determine the company's weighted average cost of capital (WACC)? (1.5 point)