Target has a current stock price of $86.45. If they are expected to issue a dividend of $3.58 next year, and the dividend is projected to grow at 5.1% what is the cost of equity capital for Target? Please provide all answers to the nearest two decimal places (9,99%) A firm has $7.3 Billion debt outstanding, with a yield to maturity of 4.4% and a coupon rate of 4.9%. They have 183 million preferred shares outstanding, currently trading at $88.11. They also have 741 million common shares outstanding, currently trading at $34.16 and the corporate tax rate is 27%. If the return on common stock (return on equity) is 10.9% and the return on preferred stock is 7.2% what is the Weighted Average Cost of Capital (WACC)