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Below is information regarding the capital structure of Micro Advantage Inc. On the basis of this information you are asked to respond to the following three questions: Required: 1. Micro Advantage issued a $5,150,000 par value, 17-year bond a year ago at 99 (i.e., 99% of par value) with a stated rate of 7%. Today, the bond is selling at 110 (i.e., 110% of par value). If the firm's tax bracket is 35%, what is the current after-tax cost of this debt? 2. Micro Advantage has $5,150,000 preferred stock outstanding that it sold for $25 per share. The preferred stock has a per share par value of $23 and pays a $2 dividend per year. The current market price is $27 per share. The firm's tax bracket is 29%. What is the after-tax cost of the preferred stock? 3. In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 65,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $190 per share. The expected after-tax market return on the firm's common equity is 17%. What is Micro Advantage's weighted-average cost of capital (WACC)? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1. Required 2 Required 3 In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 65,000 shares of common stock outstanding that par value of $10 per share and a current market price of $190 per share. The expected after-tax market return on the firm's common equity is 17%. Wha Micro Advantage's weighted-average cost of capital (WACC)? (Round "Interest or Dividend Rate", "After-tax Rate or Expected Return" and "Cost of Capita Components" to 2 decimal places (i.e. .1234 12.34%), "Weights" to 3 decimal places, and other answers to the nearest whole dollar amount.) Show le Book Value Interest or Dividend Rate Weights Cost of Capital Components 1.09 Bond Current Market Values 6,545,000 6,045,652 12,350,000 After-tax Rate or Expected Return 4.14 % $ 7.41% $ 17.00 % $ Preferred Stock Common Stock 1.80% 8.42% Total $ 24,940,652 11.31 % $ 5,150,000 5,150,000 $ 650,000 $ 10,950,000 $ 7.00 % 7.41% 0.00 % 0.000