WACC CASE $15$ POINTS. SHOW YOUR WORK AND CALCUALTIONS $(15$ points$)$

You are analyzing a Ranger Corporation's capital structure. It has the following issues of capital. The company can NOT use the tax shelter. Determine the WACC and its parts.

Common Stock:

$55$ million shares of Class A trading at $$58$ with a Beta of $1\mathrm{.}2$

The current risk$-$free rate is $3\mathrm{.}8\%$

The current market return on similar stocks is $13\mathrm{.}8\%$

Preferred Stock:

$,25$ million shares trading at $$79$

$$100$ face value

$,$ Dividend rate of $7\%$

Bonds:

$55,000$ series $2053\text{'}$s $-30$ years trading at $98\mathrm{.}5$$$1000$ face $8\%$ coupon $-$ annual

$225,000$ series $2045\text{'}$s $-22$ years trading at $102\mathrm{.}5$$$2000$ face $5\%$ coupon $-$ annual

What is the cost of Equity?

What is the cost of Preferred?

What is the cost of Debt?

What is the weight $\%$ of Equity?

What is the weight $\%$ of Preferred?

What is the weight $\%$ of Debt?

What is the WACC?