Use the following information for the next 5 questions:

The company has 100,000 bonds with an 17% coupon rate, payable semiannually, 20 years to maturity, selling at $1,250 per bond.

The company also has 1,500,000 shares of common stock outstanding. The stock sells for a price of $85 per share and has a beta of 2.1.

Additionally, the company has 200,000 preferred shares outstanding, currently trading at $110 per share; with an annual dividend payment of $12.75.

The market risk premium is 8% and the risk free rate is 2.5%.

The tax rate is 21%.

What is the before-tax cost of debt?

What is the after-tax cost of debt?

What is the cost of preferred stock?

What is the cost of common stock?

What is the weighted average cost of capital?