The Sunland Products Co. currently has debt with a market value of $300 million outstanding. The debt consists of 9 percent coupon bonds (semiannual coupon payments) that have a maturity of 15 years and are currently priced at $1,434.63 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $10.00 per share. The preferred shares pay an annual dividend of $1.20. Sunland also has 14 million shares of common stock outstanding with a price of $20.00 per share. The firm is expected to pay a $2.20 common dividend one year from today, and that dividend is expected to increase by 5 percent per year forever. If Sunland is subject to a 28 percent marginal tax rate.

Calculate weights for debt. round answers to 4 decimal places.

Calculate the preferred equity. round answers to 4 decimal places.

Calculate the common equity. round answers to 4 decimal places.

Calculate the yield to maturity of the debt. round answers to 2 decimal places.

Calculate the cost of preferred equity. round answers to 2 decimal places.

Calculate the cost of common equity. round answers to 2 decimal places.

what is the firm's weighted average cost of capital? round answers to 2 decimal places.

The Sunland Products Co. currently has debt with a market value of $300 million outstanding. The debt consists of 9 percent coupon bonds (semiannual coupon payments) that have a maturity of 15 years and are currently priced at $1,434.63 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $10.00 per share. The preferred shares pay an annual dividend of $1.20. Sunland also has 14 million shares of common stock outstanding with a price of $20.00 per share. The firm is expected to pay a $2.20 common dividend one year from today, and that dividend is expected to increase by 5 percent per year forever. If Sunland is subject to a 28 percent marginal tax rate