Hilliard Corp. wants to calculate its weighted average cost of capital (WACC). This company's CFO has collected the following information.

The company's long-term bonds currently offer a coupon rate of 5 percent with 20 year of maturity left. It is currently selling for $1,100

The company does not anticipate issuing new bonds (ie. There is no floatation cost expected for its debt structure)

The company's common stock price is $23 per share (P0 = $23)

The company recently paid a dividend of $2 per share (D0 = $2.00)

The dividend is expected to grow at a constant rate of 6 percent a year (g = 6%)

The company's beta is estimated at 1.2

The company pays a 5 percent flotation cost whenever it issues new common stock (Fcs = 5%)

The company's preferred stock currently offer an annual dividend of $80. It is currently selling for $1,050

The company pays a 10 percent flotation cost whenever it issues new preferred stock (Fps = 10%)

The company's target capital structure is 50 percent common stock, 15 percent preferred stock and 35 percent debt

The expected market risk premium is estimated at 7%

The expected risk free rate is estimated at 5%

The company's tax rate is 40 percent

The company anticipates issuing new common and preferred stocks during the upcoming year

The company's target capital structure is 50 percent common stock, 15 percent preferred stock and 35 percent debt

What is the company's after-tax cost of debt? ______

What is the company's cost of preferred stock? ______

What is the company's common stock? ______

What is the company's WACC? ______