The Sabian Co. is trying to determine its weighted average cost of capital for use in making several investment decisions. The firm's bonds were issued 6 years ago and have 14 years left until maturity. They carry a coupon rate of 10.0 percent, but its investment dealer has informed the company that the yield to maturity for bonds of equal risk is currently 9.0 percent. Flotation costs for new debt will be 4.0 percent of the amount issued. The firm's preferred stock is selling at $60.00 per share and has been yielding 6.0 percent in the current market. Sabian's investment dealer has stated that issue costs for new preferred shares will be 5.0 percent. The firm will need to sell new common stock to finance the projects it is now considering. Sabian common stock paid a dividend last year of $2.00 per share. Common share dividends are expected to maintain a growth rate of 6.0 percent for the foreseeable future. The stock is currently priced at $18.00 per share, and new common stock will have flotation costs of 5.0 percent. Required: Calculate the company's weighted average cost of capital assuming the optimal capital structure is 30 percent debt, 10 percent preferred stock, and 60 percent equity. Their tax rate is 40 percent. Complete the table by filling in the highlighted cells: Cost Weighted Description Weights (after tax) Cost 30 O olo Debt Preferred stock Common equity 10 olo olo olo 60 ola olo ol WACC 010 [3] The remaining space is for any supporting information you would like to include