Use the following data for the next 5 questions: Debt 50,000 bonds with 5 % coupon rate, payable annually, 15 years to maturity, selling at $1050 per bond. Common Stock 1,000,000 shares of common stock outstanding. The stock sells for a price of $65 per share and has a beta of 1.1 150,000 preferred shares outstanding, currently trading at $90 per share; with an annual dividend payment of $6.50 Preferred Stock Market The market risk premium is 7% and the risk free rate is 2.5% 35% Tax Rate 44) The before tax cost of debt is: a) 6.50 % b) 6.85% c) 4.53% d) 5.91 % e) 4.04 % 45) The after tax cost of debt is: a) 2.94% b) 4.79% c) 2.08 % d) 3.50% e) 3.79% 46) The company's cost of preferred stock is: a) 6.05% b) 7.06 % c) 7.50% d) 8.40% e) 7.22 % 47) The company's cost of common stock is: a) 8.50 % b) 9.42% c) 12.18 % d) 10.20 % c) 16.50% 48) Still referring to the above chart, the company's weighted average cost of capital (WACC) is: a) 6.98 % b) 7.59% c) 9.66% d) 12.04% e) 10.66%