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Using the info, what is the firms cost of common stock? Target % in Capital Structure Debt 35% Preferred Stock 10% Equity 55% Tax Rate

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Using the info, what is the firms cost of common stock?

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Target % in Capital Structure Debt 35% Preferred Stock 10% Equity 55% Tax Rate = 28% Outstanding Preferred Common Stock Bond Stock Info Info (Annual Coupons) Preferred Divided $3 Current Dividend $4 Time to Maturity (years) 15 Current Market Price $60 Current Price $50 Coupon Rate 5.00% Expected Growth APR in Dividends 2.1% Face Value $1,000 Current Market Price $1,240 MacBook Air

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