Given the following information, calculate the weighted average cost for the Han Corp. Percent of capital structure: Preferred stock 15% Common…

Given the following information, calculate the weighted average cost for the Han Corp. 

Percent of capital structure:

Preferred stock                                                      15%

Common equity                                                     60%

Debt                                                                      25%

Additional information:

Corporate tax rate                                                  34%

Dividend, preferred                                                $9.50

Dividend, expected common                                  $1.50

Price, preferred                                                      $100.00

Growth rate                                                            9%

Bond yield                                                             6%

Price, common                                                               $75.00