Zietlow Corporation has 2.11 million shares of common stock outstanding with a book value per share of 753 with a recent divided of 4.25. The firm's capital also includes 290000 shares of 5.5% preferred stock outstanding with a par value of 100 and the firms debt include 2250 6.5 percent quarterly bonds outstanding with 35 years maturity issued five years ago. The current trading price of the preferred stock and bonds are 100% of its par value and comomon stock trades for 255 with a constant growth rate of 16%. The bota of the stock is is 1.13 and the market risk premium is 7%. Calculate the after tax Weighted Avergse Cost of Capital of the firm assuming a tax rate of 30%. (Must show the steps of calculation)