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using the info in the table, what is the firm's cost of common stock? Target % in Capital Structure Debt 35% Preferred Stock 10% Equity

using the info in the table, what is the firm's cost of common stock? image text in transcribed
Target % in Capital Structure Debt 35% Preferred Stock 10% Equity 55% Tax Rate = 28% Outstanding Bond Preferred Stock Info Common Stock Info (Annual Coupons) Preferred Divided $3 Current Dividend $5 Time to Maturity (years) 15 Current Market Price $60 Current Price $50 Coupon Rate APR 5.00% Expected Growth in Dividends 2.84% Face Value $1,000 Current Market $1.240 Price

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