Crypton Electronics has a capital structure consisting of45% common stock and 55

Crypton Electronics has a capital structure consisting of45% common stock and 55% debt. A debt issue of $1000 par value6.3% bonds that mature in 15 years and pay annual interest willcell for $970. Common stock of the firm is currently selling for$30.46 per share and the firm expects to pay a $2.23 dividend nextyear. Dividends have grown at the rate of 5.1% per year and areexpected to continue to do so for the foreseeable future. What isCryptons cost of capital where the firms tax rate is30%?