Based on the information below, calculate the weighted average cost of capital. great corporation has the following capital situation. debt: one thousand bonds were issued five years ago at a coupon rate of 10%. they had 25-year terms and $1,000 face values. they are now selling to yield 9%. the tax rate is 40% preferred stock: two thousand shares of preferred are outstanding, each of which pays an annual dividend of $7.50. they originally sold to yield 15% of their $50 face value. they're now selling to yield 10%. equity: great corp has 120,000 shares of common stock outstanding, currently selling at $14.48 per share. the risk free rate is 3%, market rate of return is 10% and the beta is 1.2.