The Saunders Investment Bank has the following financing outstanding Debt 40,000 bonds with a coupon rate of 4.9 percent, selling for 108 percent of the par. The bonds have 15 years to maturity and a par value of $1,000. The bonds make semiannual payments. Preferred stock: 135,000 shares of preferred stock. The preferred stock pays an annual dividend $4 and the yield is 3.5%. There are exactly 5 months until the next dividend payment date. Common stock: 1,900,000 shares of common stock; the current price is $73 and the beta of the stock is 0.95 Market: The corporate tax rate is 34%, the market return is 11 percent, and the risk-free rate is 3%. 1. What is the cost of debt? Round your answer to two decimal places (68, 12.34%) and show your complete work to rearre any credit. (5 pts) 2. What is the cost of equity - common stock? Round your answer to two decimal places (618, 12.34%) and show your complete work to receive any credit. (5 pes) 3. What is the preferred stock's price per share? Round your answer to two decimal places (6.8., 12.34%) and show your complete work to receive any credit. (5 pts) 4. What is the WACCP Rowl your answer to two decimal Places (6.12.34%) and show your complete works receive any credit. (20 pts)