The Blossom Products Co. currently has debt with a market value of $250 million outstanding. The debt consists of 9 percent coupon bonds (semiannual coupon payments) that have a maturity of 15 years and are currently priced at $1,418.61 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $11.00 per share. The preferred shares pay an annual dividend of $1.20. Blossom also has 14 million shares of common stock outstanding with a price of $20.00 per share. The firm is expected to pay a $2.20 common dividend one year from today, and that dividend is expected to increase by 6 percent per year forever. If Blossom is subject to a 28 percent marginal tax rate. Calculate the weights for debt, common equity, and preferred equity. (Round final answers to 4 decimal places, e.g. 1.2514.) Debt Preferred equity Common equity Cullumber Wok Co. is expected to pay a dividend of $2.5 one year from today on its common shares. That dividend is expected to increase by 8 percent every year thereafter. If the price of Cullumber common stock is $20.00, what is the cost of its common equity capital? (Round intermediate calculations to 2 decimal places, e.g. 0.15 and final answer to 1 decimal place, e.g. 15.2%.) Cost of common equity %