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National Rentals has $59,000 shares of common stock outstandingat a market price of $36.00 a share. The common stock just paid a$1.64 annual dividend and has a dividend growth rate 0f 2.8%. Thereare 12,000 shares of 6% preferred stock outstanding at a marketprice of $ 51.00 a share. The preferred stock has a par value of$100. The outstanding bonds mature in 17 years, have a total facevalue of $750,000, a face value per bond of $ 1,000, and a marketprice of $1,020 each. The bonds pay 8% interest, semiannually. Thetax rate is 34% What is the firm's weighted average cost ofcapital? Please can you explain using excel. Thank you.A 7.72%B. 8.68%C 9.29%D. 9.97%E. 10.30%
