The current price of ABC's $10\%$ coupon, annual payment, and noncallable bonds with $12$ years remaining maturity is $$1,150.$ ABC would incur flotation costs equal to $6\%$ of par value on a new bond issue. What is th cost of debt for ABC $?$

The current price of ABC $\text{'}$s $10\%,$$$100$ par value, quarterly dividend, perpetual preferred stock is $$90.$ The AB would incur flotation costs equal to $5\%$ of the proceeds on a new issue.

If the cost of equity for ABC is $12\%,$ what would be the weighted average cost of capital $($WACC$)$ for th company? Assume that ABC's target capital structure consists of $25\%$ long$-$term debt, $25\%$ preferred stock, an $50\%$ common equity. The applicable corporate tax rate is $25\%.$