You are given the following information concerning Parrothead Enterprises: Debt: 350 Bonds, with a market value of $322,000. The bonds have a pre- 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 1.1 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 return 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 2 decimal places, e.g., 12.34.) Cost of Common stock Cost of Preferred Stock %