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You are given the following information concerning Parrothead Enterprises: Debt 8 , 8 0 0 7 . 4 percent coupon bonds outstanding, with 2 1

You are given the following information concerning Parrothead Enterprises:
Debt 8,8007.4 percent coupon bonds outstanding, with 21 years to maturity and a quoted price of 107.50. These bonds have a par value of $2,000 and pay interest semiannually.
Common stock: 295,000 shares of common stock selling for $65.90 per share. The stock has a beta of 1.04 and will pay a dividend of $4.10 next year. The dividend is expected to grow by 5.4 percent per year indefinitely.
Preferred stock: 9,400 shares of 4.70 percent preferred stock selling at $95.40 per share.
Market: 10.6 percent expected return, a risk-free rate of 4.30 percent, and a 24 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.

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