The Pharoah Products Cocurrently has debt witha market value of $275 million outstanding. The debt consists of 9 percent coupon bonds (sembanmal coupon payments) which have a maturity of 15 years and are currently priced at $1.429.26 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $17 per share. The preferred shares pay an annual dividend of \$1.20, Pharoah also has 14 milionshares of common stock outstanding with a price of $20.00 per share. The firm is expected to pay a $2.20 commondivident one year from today, and that dividend is expected to lncrease by 4 percent per year torever. If Pharoahis subject to a 40 percent marginal tan rate. then what is the firm's weighted average cost of eapital? Excel Template (Note. This template includes the problem statement as it appears th 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 he sure to update any values that tnay 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. (Round intermediate calculations and final answers to 4 decimal places, eg. 1.2514J eTextbook and Media Calculate the yield to maturity of the debt, (Round intermediate calculations to 4 decimal pioces, eg. 1.2514 and final answer to 2 decimal places, eg. 15,25\%.) Yield to maturity of the debt \%