Finance Help for PAVAN1001 ONLY

PP&G estimates that the yield on their debt is 6%. The equity has a beta of 1.35. The risk-free return is 5% and the market risk premium is 10%. What is the weighted average cost of capital for the firm if they have $48M in debt and $32M in equity? The tax rate is 40%.

R&B issues 2 million shares of $9 cumulative preferred stock at a price of $77 per share. Issue costs are $2 per share.  What is the cost of the preferred stock?  Round your answer to the nearest whole %

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