WAC Ca : First Interval: 5T debt, senior LT debt, retained earnings 3: preferred stock Component Frantion Cost Short-term {1.02 4.211% Long-tern] {1.31 5.20% Preferred stock 1109 13.5% Retained earn {153 14.23% WACC = Ka = Second Interval: ST debt, Senior LT debt, external equity and preferred stock Component Fraction Coat Short-term {10? 4.211% Long-term lI131 5.211% Preferred stock 11119 13.50% New CS 0.53 16.52% WAGE = Ka = Third Interval: 5T debt, junior LT debt, external equin and preferred stock Component Fraction Coat Short-term [H]? 4.20% Long-term {1.31 2.03% Preferred stock 1109 13.50% New US (1.53 16.52% WAGE = Ka = Product [131% 1. 24% 1.22% 2. 59% 10.35% Product [131% 1. 24% 1.22% 8.22% 12.04% Product (131% 2.15% 1.22% 3.22% 12.42%