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priced at $60.50 per share. There are 447,000 shares of common stock outstanding, and dividends are expected to grow at 2.85 percent annually. Calculate the required return on equity. Requity=17.27% Attempt \#1: 1/1 (Score: 1/1) Allowed attempts: 3 Correct FeedbackRE=PD1+g=60.50(2.60(1+10025))+1002.85=7.27% Ryker's Wholesale has 218,200 shares of 6.00 percent preferred stock outstanding, with a par value of $100 and a market price of $61.32. What is the company's cost of preferred stock? Rprefared=19.78% Attempt \#1: 1/1 (Score: 1/1) Allowed attempts: 3 Correct Feedback Cost of preferred stock =MarketPriceDividend=$61.32$6.00=9.78% Ryker's Wholesale has 22,200 bonds outstanding, . The bonds pay a 7.40 percent semiannual coupon, mature in 14 years, and currently sell at 85 percent of par. Calculate the company's required return on debt. Rdcbt=19.34% Attempt \#1: 1/1 (Score: 1/1) Allowed attempts: 3 Correct Feedback The cost of debt is the yield to maturity on outstanding bonds: In your financial calculator: - N=142 - PV=85/1001,000 - PMT=(7.40/1001,000)/2 - FV=1,000 - CPTIT Multiply I/Y by 2 to get the annual yield to maturity. Ryker's Wholesale faces a tax rate of 21 percent. What is the company's WACC? (Round the cost of equity, cost of preferred stock, and cost of debt to two decimal places, as required above XX.XX% ). WACC =