The Golden Eagle Corporation has the following items on their income and balance sheets (values in tables are in thousands: Balance Sheet Items (Assets) Last Year Two Years Ago Cash 500 400 Accounts Receivable 590 510 Inventory 284 286 Total Current Assets Fixed Assets 4700 4600 Depreciation 2355 2091 Net Fixed Assets Balance Sheet Items (Liabilities) Accounts Payable 550 510 Notes Payable 88 98 Total Current Liabilities Long Term Liabilities 1050 1010 Total Liabilities Preferred Stock 1055 1055 Common Stock 3390 3390 Retained Earnings 1380 1060 Total Liabilities and Equity Income Statement Items Past Year Two Years Ago Sales 3040 2700 Cost of Goods Sold 1910 1680 Operating Expenses 565 540 Interest (Paid L/T Debt) 53 85 Taxes Paid 81 76 Preferred Stock Dividends Paid 75 23 What is the Weighted average cost of capital for last year for Golden Eagle if the rate on the common stock is 10.75%? Express your answer as .xxxx. (Hint: First Calculate the Percentages of Common Stock, Preferred Stock, and Long-Term Debt. Do not include Retained Earnings. Net compute the rate [percentage cost] for Long-Term Debt and Preferred Stock. Then compute the weighted average.) Answer: 0.0920 (0.0896) - Solve and show work via excel!