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You are given the following information concerning Parrothead Enterprises: Debt: 8,600 7.2 percent coupon bonds...

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You are given the following information concerning Parrothead Enterprises: Debt: 8,600 7.2 percent coupon bonds outstanding, with 23 years to maturity and a quoted price of 107.00. These bonds have a par value of $2,000 and pay interest semiannually. Common stock: 285,000 shares of common stock selling for $65.70 per share. The stock has a beta of 1.02 and will pay a dividend of $3.90 next year. The dividend is expected to grow by 5.2 percent per year indefinitely Preferred stock: 9,200 shares of 4.60 percent preferred stock selling at $95.20 per share. Market: 10.8 percent expected return, a risk-free rate of 4.20 percent, and a 22 percent tax rate. What is the firm's cost of each form of financing? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. 48.43 Aftertax cost of debt Cost of preferred stock Cost of equity 49.27

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