You are given the following information concerning Parrothead Enterprises: Debt 9,2006.4 percent coupon bonds outstanding, with 23 years to maturity and a quoted price of 104.50. These bonds have a par value of $1,000 and pay interest semiannually. 235,000 shares of common stock selling for $64.70 per share. The stock has a beta of 0.92 and will pay a dividend of $2.90 next year. The dividend is expected to grow by 5.2 percent per year indefinitely. Commonstock:Preferredstock:expectedtogrowby5.2percentperyearindefinitely.8,200sharesof4.60percentpreferredstocksellingat$94.20pershare. Market: 11.8 percent expected return, a risk-free rate of 3.70 percent, and a 22 percent tax rate. What is the firm's cost of each form of financing? Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16 . Calculate the WACC for the company. Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16