The Crane Products Co, currently has debt with a market value of $275 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 miltion preferred shares outstanding with a market price of $11.00 per share. The preferred shares pay an annual dividend of $1.20. Crane 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 t bay, and that dividend is expected to increase by 5 percent per year forever. If C rane is subject to a 28 percent marginal tax rate. Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Calculate the weights for debt, common equity, and preferred equity, (Rotand infermediate calculations and final answers to 4 decinal places, es. 1.2514 ) Debt Preferred equity Common equity Calculate the cost of debe. (Round intermediate calculations to 4 decimal ploces, e.8 1.2514 and final answer to 2 decimal places e.8. 15.25% ) Cost of debt \%. Calculate the cost of preferred equity (Round intermediate calcidations to 4 decimal places, e.8. 1.2514 and final answer to 2 decimal ploces, e. 15.25% ) Cost of preferred equity Calculate the cost of cornmon equity. (Round intermediote calculations to 4 decimal places, es. 1.2514 and final annwer to 0 decimal places, es. 15% ) Cost of common equity % What is the firm's weighted average cost of capital? (Pound intermediate calculations to 4 decimal places, es. 1.2514 and final answer to 2 decimal ploces, eg. 15.25\%) WACC %