You have collected the following information about a company: Before-tax cost Source of capital Long-term debt Preferred stock Market value $130,000 $50,000 8% 11% 15% for retained earnings Common equity $480,000 18% for new common stock Total $660,000 The company's total (federal plus state) marginal tax rate is 34%. Part 1 IB Attempt 1/3 for 10 pts. What is the weighted average cost of capital, if all common equity comes from retained earnings? 3+ decimals Submit Part 2 IB Attempt 1/3 for 10 pts. What is the weighted average cost of capital, if all common equity comes from newly issued stock