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 Bane Industries has a capital structure consisting of 5757 percent common stock and 4343 percent debt....

 Bane Industries has a capital structure consisting of 5757 percent common stock and 4343 percent debt. The​ firm's investment banker has advised the firm that debt issued with a ​$1 comma 0001,000 par​ value, 8.38.3 percent coupon​ (interest paid​ semiannually), and maturing in 2020 years can be sold today in the bond market for ​$1 comma 1031,103. Common stock of the firm is currently selling for ​$80.5380.53 per share. The firm expects to pay a ​$1.971.97 dividend next year. Dividends have grown at the rate of 8.48.4 percent per year and are expected to continue to do so for the foreseeable future. What is ​ Bane's average cost of capital where the firm faces a tax rate of 3434 ​percent?

a. The​ after-tax cost of debt is ___ ​%. ​(Round to two decimal​ places.)

b.  The cost of common equity is __ %. (Round to two decimal​ places.)

c. ​ Bane's average cost of capital is __ %. ​(Round to three decimal​ places.)

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