show all steps please

entered as 11.36%. - Debt: 6.8% coupon bonds outstanding, $1000 par value, 20 years to maturity selling for $975, semi-annual payments. - Common stock: Selling for $91 per share; beta is 1.38. The last paid dividend was $5.91 and dividends are expected to grow at a rate of 3% forever. If the firm uses the own-bond-yield-plus-risk-premium method, the risk premium is estimated to be 3%. - Market: 5% market risk premium and 3% risk-free rate. - Tax rate =35%. Part 1: Compute the cost of debt Part 2: Compute the cost of equity (use all 3 methods and take an average) Method 1: CAPM Method 2: DCF Method 3: Own-bond-yield-plus-judgmental-risk-premium AVERAGE cost of equity Part 3: Compute the WACC. Assume that the weight on debt is 30%, the weight on preferred stock is 15%, and the weight on equity is 55%. The cost of preferred stock is 8.1%. The WACC is