You are given the following information conceming Parrothead Enterprises: Dobt: 350 Bonds, with a market value of $322,000. The bonds have a pro-tax YTM of 6.00% Common stock 16.000 shares of common stock at a price of $25.00. The stock has a beta of 1.3 Preferred stock 20,000 shares of preferred stock with a market value of $300,000. These shares are priced at $15.00 and pay a dividend of $1.20/share indefinately. Market The tax rate is 25%, the risk-free rate is 3.5%, and the retum on the market is 8.50% What is the firm's cost of common stock and preferred stock? (Do not round intermediate calculations and enter your answers as a percent rounded to decimal places, e.g., 12.34.) Cost of Common stock Cost of Preferred Stock % Calculate the WACC for the company (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.) WACC What formula did you use to calculate the cost of Capital? (Write the number of the formula used to calculat the cost of capital from your formula sheet) A B 1 Formula Number What is the weight of Common stock used for your calculation? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 12.34.) B A Weight of Common Stock 1