Use the given information to answer the following 4 questions with the final goal of finding the firm's WACC:

Debt: 75k bonds with a 6.0% coupon rate, payable annually, 15 years to maturity, selling at $1150 per bond

Common stock: 900k shares of common stock outstanding. The stock sells for a price of $75 per share and has a beta of 1.5

preferred stock: 100k preferred stock shares outstanding. Currently trading at $90 per share; with an annual dividend payment of $4.50

market: The market risk premium is 5% and the risk-free rate is 3%

Tax rate: 35%

Use the given information to answer the following 4 questions with the final goal of finding the firm's WACC:

What is the firm's cost of debt?

What is the firm's cost of preferred stock?

What is the firm's cost of common equity(retained earnings)?

What is the firm's WACC?