Calculate the weighted average cost of capital. Greatcorporation has the followi

Calculate the weighted average cost of capital. Greatcorporation has the following situation. Debt: One thousand bondswere issued five years ago at a coupon rate of 8%. They had 25-yearterms and $1000 face values. They are now selling to yield 9%. Thetax rate is 36%. Preferred stock: Two thousand shares of preferredare outstanding each of which pays an annual dividend of $7.50.They originally sold to yield 15% of their $50 face value. Theyrenow selling to yield 8%. Equity: Great Corp has 125000 shares ofcommon stock outstanding currently selling at $14.48 per share.Dividend expected for next year is $1.00 and the growth rate is5%.