(Weighted average cost of capital) As a member of the Finance Department of Ranch Manufacturing your supervisor has asked you to compute the appropriato discount rate to use when evaluating the purchase of new packaging equipment for the plant Under the assumption that the firm's present capital structure reflects the appropriate me of capital sources for the firm, you have determined the market value of the firm's capital structure as follows To finance the purchase Ranch Manufacturing will soll 10-year bonds paying interest at a rate of 60 percent per year (with semiannual payment) at the market price of $1,046 Preferred stock paying a $195 dividend can be sold for $25 38 Common stock for Ranch Manufacturing is currently selling for $5660 per share and the firm paid a $2.98 dividend tast year Dividends me expected to continue growing at a rate of 4 6 percent per your into the indefinite future of the firm's tax rate is 30 percent, what discount rate should you use to evaluate the equipment purchase a. Calculato component weights of capital The weight of dibe in the firm's capital structure is x (Round to two decimal places) Source of Capital Bonds Preferred stock Common stock Market Values $4,200,000 $2,500,000 $5,900,000 Click to copy ta