Weighted average cost of capital (LO1) Given the following information, calculate the weighted average cost of capital for Hadley Corporation. Line up the calculations in the order shown in Table 11-1. Percent of capital structure: Preferred stock 10% Common equity 60 Debt 30 Additional information: Corporate tax rate 34% Dividend, preferred $9.00 Dividend, expected common $3.50 Price, preferred $102.00 Growth rate 6% Bond yield 10% Flotation cost, preferred $3.20 Price, common $70.00