Use the information in the table below to answer the questions a - e.

Debt	50,000 bonds with 7.0 % coupon rate, payable annually, $1,000 par value, 12 years to maturity, selling at $1,020 per bond.
Common Stock	1,000,000 shares of common stock outstanding. The stock sells for a price of $30 per share and has a beta of 1.3
Preferred Stock	100,000 preferred shares outstanding, currently trading at $120 per share; with an annual dividend payment of $9.00
Market	The market risk premium is 8.5% and the risk free rate is 2.5%
Tax Rate	30%

What is the before-tax cost of debt?

What is the after-tax cost of debt?

What is the company's cost of preferred stock?

What is the company's cost of common stock?

Determine the company's weighted average cost of capital (WACC).