Inputs provided: Current common stock price $50.00 Common stock dividend last year (Do) $2.10 Common stock dividend growth rate 7% Flotation cost to issue new common stock 10% Net issuing price of preferred stock $30.00 Preferred stock dividend $3.30 Before-tax cost of debt 10% Tax rate 35% Gao's beta 0.83 Risk-free rate 6.5% Market risk premium 6.0% Target capital structure from debt 45% Target capital structure from preferred stock 5% Target capital structure from common stock 50% SHOW ALL WORK d. Assuming that Gao will not issue new equity and will continue to use the same capital structure, what is the company's WACC? 4o will not