Use the following data for the next 5 questions: Debt 50,000 bonds with a 5.0% coupon rate, payable annually, 15 years to maturity, selling at $1,050 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 Preferred Stock 150,000 shares of 6.5 percent preferred shares outstanding, currently trading at $90 per share; with a stated value of $100 per share. Market The market risk premium is 7% and the risk free rate is 2.5% Tax Rate 35% Blomme 20. The after tax cost of debt is: a. 2.94% b. 4.79% c. 2.08% d. 3.50% e. 3.79% 21. The company's cost of preferred stock is: a) 6.05% b) 7.06% c) 7.50% d) 8.40% e) 7.22% 22. The company's cost of common stock is: a) 8.50% b) 9.42% c) 12.18% d) 10.20% e) 11.50% 23. Still referring to the above chart, the company's weighted average cost of capital (WACC) is: 6.98% b) 7.59% c) 9.66% d) 12.04% e) 10.66%