Cost of capital Edna Recording​ Studios, Inc., reported earnings available to common stock of ​$4,000,000 last year. F

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Cost of capital   Edna Recording​ Studios, Inc., reportedearnings available to common stock of ​$4,000,000 last year. Fromthose​ earnings, the company paid a dividend of ​$1.27 on each ofits 1,000,000 common shares outstanding. The capital structure ofthe company includes 25​% ​debt, 10​% preferred​ stock, and 65​%common stock. It is taxed at a rate of 26​%. a.  If the marketprice of the common stock is ​$35 and dividends are expected togrow at a rate of 9​% per year for the foreseeable​ future, what isthe​ company's cost of retained earnings financing​? b.  Ifunderpricing and flotation costs on new shares of common stockamount to ​$9 per​ share, what is the​ company's cost of new commonstock financing​? c.  The company can issue ​$2.16 dividendpreferred stock for a market price of ​$25 per share. Flotationcosts would amount to ​$2 per share. What is the cost of preferredstock financing​? d.  The company can issue ​$1,000​-par-value, 9​%​coupon, 11​-year bonds that can be sold for ​$1,210 each.Flotation costs would amount to ​$20 per bond. Use the estimationformula to figure the approximate​ after-tax cost of debt​financing? e.  What is the WACC​?