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You are given the following information concerning Parrothead Enterprises: Debt 9 , 6 0 0 7 . 1 percent coupon bonds outstanding, with 2 4

You are given the following information concerning Parrothead Enterprises:
Debt 9,6007.1 percent coupon bonds outstanding, with 24 years to maturity and a quoted price of 105.50. These bonds have a par value of $1,000 and pay interest semiannually.
Common stock: 255,000 shares of common stock selling for $65.10 per share. The stock has a beta of 0.96 and will pay a dividend of $3.30 next year. The dividend is expected to grow by 5.1 percent per year indefinitely.
Preferred stock: 8,600 shares of 4.55 percent preferred stock selling at $94.60 per share.
Market: 11.4 percent expected return, a risk-free rate of 3.90 percent, and a 21 percent tax rate.
What is the firm's cost of each form of financing?
Aftertax cost of debt?
Cost of preferred stock?
Cost of equity?
Calculate the WACC for the company.

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