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Use the following data for the next 5 questions: Debt 41,000 bonds with a 5.0% coupon rate, payable annually, 15 years to maturity, selling at $1,050 per bond. Common Stock 698,000 shares of common stock outstanding. The stock sells for a price of $68 per share and has a beta of 0.64. Preferred Stock 271,000 preferred shares outstanding, currently trading at $102.35 per share; with an annual dividend payment of $6.47, Market The market risk premium is 20% and the risk free rate is 6% Tax Rate 30% What is the cost of common stock (Re)? (Answer as a percentage and round to 2 decimals) Select one: a. 15.48% b. 22.29% c. 21.71% d. 16.76% e 18.80 % Debt 41,000 bonds with a 5.0% coupon rate, payable annually, 15 years to maturity, selling at $1,050 per bond. Common Stock 698,000 shares of common stock outstanding. The stock sells for a price of $68 per share and has a beta of 0.64. Preferred Stock 271,000 preferred shares outstanding, currently trading at $102.35 per share; with an annual dividend payment of $6.47 Market The market risk premium is 20% and the risk free rate is 6% Tax Rate 30% What is the weighted average cost of capital? (Answer as a percentage and round to 2 decimals) Select one: a. 6.86% b. 8.14% c. 13.09% d. 10.18% e. 13.67 %