Use one through three to calcuate question 4

Calculate the cost of equity for Titan Executive Solution, TLC (TEST). Assume the stock market is returning 6% and TEST has a beta of 1.3. TEST has 1, 200,000 shares outstanding that are currently trading at $10 per share. Assume the current T-Bill rate is .03%. Calculate the cost of preferred stock for TEST. They have 500,000 shares of preferred stock outstanding that are trading at $10 and pay $1 in dividends annually. Calculate the cost of debt for TEST. They currently have outstanding 30 year, 8%, bonds that were issued 12 years ago. The company has 5,000 bonds outstanding that are currently selling for 89% of their face value. TEST pays 34% of income in taxes. Calculate the weighted average cost of capital for TEST