The following data is given about capital structure of a firm:

- Bonds: Book value $50 million and par $1,000; Coupon = 8% paid annually; Maturing in 20 years; Priced at 98% of par; and Tax rate = 22%.

- Preferred shares: Book value $10 million and par $100; Priced at $110; and Dividend = $10 per share.

- Common stock: Book value $10 million and par $100; Price at $200 per share; Dividend is now $10 and grows at 5% a year.

- Other data: Beta = 1.5, Risk-free rate = 5% and Market Risk Premium = 10% 12.