Can someone answer this and give step by step instructions of how to do it in Excel? Answer is 16.81. Easy Car Corp. is

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Can someone answer this and give step by step instructions of how to do it in Excel? Answer is 16.81. Easy Car Corp. is

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Can someone answer this and give step by stepinstructions of how to do it in Excel? Answer is16.81.
Easy Car Corp. is a grocery store located in the Southwest. Nextyear dividend is $4.00 and plans to increase the dividend annuallyat the rate of 3.0%. It currently has 1,000,000 common sharesoutstanding. The shares currently sell for $20 each. Two years ago,Easy Car Corp. issued 30,000 semiannual 21-year bonds with a couponrate of 10% and a par value of $1,000. The bonds currently have ayield to maturity (YTM) of 14%. What is the weighted average costof capital (WACC) for Easy Car Corp. if the corporate tax rate is20%?
When answering this problem enter your answer using percentagenotation but do not use the % symbol and use two decimals(rounding). For example, if your answer is 0.10469 then enter10.47; if your answer is 10% then enter 10.00
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