The Schroder Corporation must raise $3 million to finance the construction of a new facility.It plans to by increasing the number of shares of preferred and common stock and by issuing 10-year corporate bonds with a face value of $1000 and annual payments at a coupon rate of 9.0%. The corporation's long-term debt currently amounts to 3,300 corporate bonds with a current market value of $902.50/bond.The corporation has 10,000 shares of preferred stock outstanding with a market value of $10.50/share. The corporation also has 250,000 outstanding shares of common stock with a current market value of $24.25/share. Holders of preferred stock receive annual dividends of $1/share, and holders of common stock receive annual dividends of $1.75/share.The annual growth rate of common stock is 5%. Flotation costs are 1% for bonds, 2% for preferred stock, and 5% for common stock. Schroder's tax rate is 38%.

 Assuming that the corporation's capital structure will remain the same as that currently, what will be the after-tax weighted average cost of capital (WACC) for the new facility based on the market values of the components of its capital structure?Include flotation costs in your calculation.The Schroder Corporation must raise $3 million to finance the construction of a new facility.It plans by increasing the number of shares of preferred and common stock and by issuing 10-year corporate bonds with a face value of $1000 and annual payments at a coupon rate of 9.0%. 

The corporation's long-term debt currently amounts to 3,300 corporate bonds with a current market value of $902.50/bond.The corporation has 10,000 shares of preferred stock outstanding with a market value of $10.50/share. The corporation also has 250,000 outstanding shares of common stock with a current market value of $24.25/share.

 Holders of preferred stock receive annual dividends of $1/share, and holders of common stock receive annual dividends of $1.75/share.The annual growth rate of common stock is 5%. Flotation costs are 1% for bonds, 2% for preferred stock, and 5% for common stock. Schroder's tax rate is 38%.

Assuming that the corporation's capital structure will remain the same as that currently, what will be the after-tax weighted average cost of capital (WACC) for the new facility based on the market values of the components of its capital structure?Include flotation costs in your calculation.