Zietlow Corporation has 2.11 million shares of common stock outstanding with a book value per share of 45$ with a recent divided of 6.2$. The firm's capital also includes 2900 shares of 5.5% preferred stock

outstanding with a par value of 100 and the firms debt include 2250 4.5 percent quarterty bonds outstanding with 35 years maturity issued five years ago. The current trading price of the preferred stock and bonds are

102% of its par value and common stock trades for 15$ with a constant growth rate of 6%. The beta pf the stock is 1.13 and the market risk premium is 7%. Calculate the after tax Weighted Avergae Cost of Capital of

the firm assuming a tax rate of 30%. (Must show the steps of calculation)