Calculate the weighted average cost of capital. Great corporation has the follow

Calculate the weighted average cost of capital. Great corporation has the following situation.Debt: One thousand bonds were issued five years ago at a coupon rate of 8%.They had 25-year terms and $1000 face values. They are now selling to yield 9%.The tax rate is 36%.Preferred stock: Two thousand shares of preferred are outstanding each of which pays an annual dividend of $7.50.They originally sold to yield 15% of their $50 face value.Theyre now selling to yield 8%.Equity: Great Corp has 125000 shares of common stock outstanding currently selling at $14.48 per share.Dividend expected for next year is $1.00 and the growth rate is 5%