Calculate the firm's WACC (weighted average cost of capital) assuming that internally generated equity will satisfy next year's common equity needs. In your solution, in addition to the calculation for WACC, please also show your supporting calculations for the following (16 points): capital component weights • cost of debt • cost of preferred stock • cost of common equity You must type in both the answer and all of your work to receive credit. Be sure to use 4 decimal places (25.25% or 0.2525). Current assets 3,100 growth rate 7.50% Property, plant & equip 3.000 coupon on new bonds 7.50% Total assets 6,100 corporate tax rate 25.00% dividend on preferred 8.00% Current liabilities 1,100 price of common $24.00 price of $100 par value Long-term debt 1,750 $65.00 preferred anticipated common Preferred stock, $100 par 500 $1.56 dividend flotation costs on Common stock, no par 1,250 $5.00 preferred Retained earnings 1.500 flotation costs on common $2.50 Total liabilities & equity 6,100