Use the following data for the next 5 questions Debt 54,000 bonds with a 5.0% coupon rate, payable annually, 15 years to maturity, selling at $1,050 per bond Common Stock 650,000 shares of common stock outstanding. The stock sells for a price of $58 per share and has a beta of 194 Preferred Stock 285,000 preferred shares outstanding. currently trading at $69.96 per share with an annual dividend payment of $8.19 Market The maitrisk premium is 17% and the risk free rate is 5% Tax Rate 27% What is the weighted average cost of capital (Answer as a percentage and round to 2 decimal) Select one 19.40 C14.18% DE 184 6.16-30% 12:24 MacBook Air SS ** 2 3 $ 4 % 5 & 7 B 9 2 LU R T Y Y U 0 S D F G H J C . V D