answer for the rate of return on equity given the information above

$55 million 9% 9% annually 15 39% Consider the following company. Book Value of Debt YTM Coupon Coupon Payments Years Corporate Tax Rate of Preferred Shares Price of Preferred Share Dividend per Preferred Shares of Common Shares Price of Common Share B of Common Stock Risk-Free Rate Market Return 1 million $24 $121 5.5 million $16 0.5 5% 13% What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES Enter your response below 55 Correct response: 55+0.03 million Click "Venty" to proceed to the next part of the question What is the rate of return on the preferred stock? Enter you answer as a percentage and rounded to 2 DECIMAL PLACES DO not include the percentage sign in your answers, Enter your response below 5.05 Correct response: 5.8420.01% Click "verity to proceed to the next part of the question o What is the market value of the preferred stock? Enter your answer in terms of millions Enter your response below 24 Correct response: 24+0.01 million Click "Verity to proceed to the next part of the question What is the rate of retum of the equity? Enter your answer as a percentage. Do not include the percentage sign in your answers Enter your response below Number 90 Click "Verify to proceed to the next part of the