Using the balance sheet provided for Universal Exports, determine the weighted average cost of capital. The firm's tax rate is 35%, the preferred stock pays a dividend of $0.50 per share, the beta of the stock is 1.67, the market risk premium is 8%, and the risk-free rate is 7%. Assume that the book value capital structure weights are the company's optimal weights. What is the after-tax cost of debt for Universal Exports? 0% (Round to two decimal places.) What is the cost of preferred stock for Universal Exports? 0% (Round to two decimal places.) What is the cost of common equity for Universal Exports? Note that the problem give us the amount of the market risk premium, which is equal to (k_M - k_F). 0% (Round to two decimal places.) What is the WACC for Universal Exports? l0 (Round to two decimal places.)