The ASF Company was recently formed to manufacture a new product it has the following capital structure in market value terms Long term liabilities 6 Preferred stock 3 Common stock 8 Total 17 The company marginal tax rate of 40 % with interest expense per month 1. Dividend rate on preferred is 9% with per value of 1000 flotation cost is 10% on per value , dividend rate on common stock is 15% with per value of 10 Market value of share is 1 5 with growth rate 10% . Required Compute the firm present weighted average cost of capital