Zietlow Corporation has 2.1 million shares of common stock outstanding with a book value per share of 455 with a recent divided of 45. The firm's capital also includes 29000 share of 6.2% proferred

stock outstanding with a par value of 100 and the firms debt include 2250 6.5 percent quarterly bonds

stock and bonds are 106%

outstanding with 25 years maturity issued five years ago.

of its par value and common stock trades for 255 with a constant growth rate of 6%. The beta of the stock is 1.13 and the markel risk premium is 7%

-The curtent trading price ol the preferred

Weighted Avergae Cost of Capital of the firm assuming a tax rate of 30% (Must Show the steps of calculation)