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%.