The Blossom Products Co. currently has debt with a market value of $250 million outstandingThe debt consists of 9 percent coupon bonds (semiannual coupon payments) which 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 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 40 percent marginal tax rate, then what is the firm's weighted average cost of capital?

A1- calculate the weights for debts, common equity, and preferred equity

A2- Calculate the cost of debt.

A3-Calculate the cost of preferred equity.

A4-Calculate the cost of common equity.

A5- What is the firms weighted average cost of capital?