Wildcat Mining wants to know the appropriate discount rate to use in their capital budgeting decision making process. Based on the following data, what is the weighted average cost of capital the CFO should apply to discount a new project's cash flows if the project has the same risk as the company's typical project?

- Common stock: 43,800 shares outstanding, beta 1.54 and market price \$51/share. - Preferred stock: 10,000 shares outstanding; 7% preferred with a stated value of $100/ share and a market value of $83/ share. - Bonds: 8% semi-annual coupon bonds; $1,000 face value; market price of 96\%; 5,000 bonds outstanding; 13 years to maturity. - Market data: market risk premium of 7.5\%; T-bills are yielding 3.6\%; tax rate = 21%. a. What is the cost of common equity? (10 points) b. What is the market value of common equity? (5 points) c. What is the cost of preferred stock? (10 points) d. What is the market value of preferred stock? (5 points) e. What is the after-tax cost of debt? (10 points) f. What is the market value of debt? (5 points) g. What is the WACC? (10 points)