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show steps please What is the cost of new funds raised by issuing debt given the information given here? Use the following information to calculate

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What is the cost of new funds raised by issuing debt given the information given here? Use the following information to calculate each component of the weighted average cist if capital use the following information as appropriate: 25% Marginal corporate tax rate: Bonds with $1,000 face value with a 6% coupon rate $864.10 with semi-annual payments matures in 10 years now sells for $3.50 Preferred stock dividend $55.00 Preferred stock price $1.00 Current common stock dividend per share Price per share of common stock $12.00 10% Floatation cost to sell new common stock 4% Forecast rate of growth for corporation 4% Risk free interest rate 10% Market rate of return 1.2 Beta for firm

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