You are given the following information concerning Parrothead Enterprises: Debt: 9,000 7.1 percent coupon bonds outstanding, with 24 years to maturity and a quoted price of 108.00. These bonds have a par value of $2,000 and pay interest semiannually. Common stock: 305,000 shares of common stock selling for $66,10 per share. The stock has a beta of 106 and will pay a dividend of $4.30 next year. The dividend is expected to grow by 51 percent per year indefinitely Preferred stock: 9,600 shares of 4.55 percent preferred stock selling at $95.60 per share. 10.4 percent expected return, a risk-free rate of 4.40 percent, and a 21 percent tax rate. What is the firm's cost of each form of financing? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.. 32.16.) Market: % Altertax cost of debt Cost of preferred stock Cost of equity % % Calculate the WACC for the company. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) WACC