The Bluefield Corporation has 4 million shares of common stack outstanding, 600,000 share of preferred stock that pays an annual dividend of $6.50, and 200,000$1,000 par value bonds with an 7.75% coupon. The bonds pay interest semi-annually, and have 25 years to maturity. At present, the common stock is selling for $42 per share, the bonds are selling for $975.23 each, and the preferred stock is selling at $46 per share. The estimated return on the market is 10.5%, the risk free rate is 3.25%. Bluefield has a beta of 0.96, and a tax rate of 35%. Estimate the cost of each source of financing, the weights to apply to each source, and the WACC, then answer the following: 1. What is the rate of equity? 2. What is the after tax rate of debt? 3. What is the rate of preferred stock? 4. what is the weight of equity? 5. what is the weight of debt? 6. What is the weight of preferred stock? 7. What is the average cost of capital