X Corporation wants to calculates its cost of capital for major expansion program which riskier than the risk level of its current operations

Tax rate $=30\%.$

$30-$year, $10\%$ coupon, annual payment noncallable bonds sell for $$1,200.$ New bonds will be privately placed with no flotation cost.

$10\%,$ S$100$ par value, quarterly dividend, perpetual preferred stock sells for $$98\mathrm{.}50.$

Common stock sells for $$100.D_0=$$$8\mathrm{.}19$ and $g=4\%.$

$b=0\mathrm{.}9$;$r_{RF}=4\%$;$RPM=5\%.$

Bond$-$Yield Risk Premium $=3\%.$

If the weight of debt is $30\%,$ weight of equity is $60\%$ and weight of preferred stock is $10\%.$

a$.$ What is the WACC of X corporation. $($Show your calculation for each component of WACC and the overall WACC$)$