Zietlow Corporation has 2. 11 million shares of common stock outstanding with a book value per share of 75$ with a recent divided of 4.2$. The firm's capital also includes 290000 shares of 5.5% preferred stock outstanding with a

par value of 100 and the firms debt include 2250 6 5 percent quarterly bonds outstanding with 35 years maturity issued five years ago. The current trading price of the preferred stock and bonds are 106% of its par value and

common stock trades for 25$ with a constant growth rate of 16%. The beta of the stock is 1.13 and the market risk premium is 7%. Calculate the after tax Weighted Avergae Cost of Capital of the him assuming a tax rate of 30%.

(Must show the steps of calculation)