0.85% 0.59% Turnbull Co. is considering a project that requires an initial investment of $570,000. The firm will raise the $570,000 in capital by issuing $230,000 of debt at a before-tax cost of 8.7%, $20,000 of preferred stock at a cost of 9.9%, and $320,000 of equity at a cost of 13.2%. The firm faces a tax rate of 25%. What will be the WACC for this project? (Note: Round your intermediate calculations to three decimal places.) Consider the case of Kuhn Co. 7.79% Kuhn Co. is considering a new project that will re stock, and 63% common equity, Kuhn has nonca of 10%, and a market price of $1,050.76. The vid Issues. The company can sell shares of preferred 8.83% tial Investment of $4 million. It has a target capital structure of 35% debt, 2% preferred outstanding that mature in five years with a face value of $1,000, an annual coupon rate ompany's current bonds is a good approximation of the yield on any new bonds that it bay an annual dividend of $8 at a price of $92.25 per share. 10.39% tory Consider the case of Kuhn Co. Kuhn Co. is considering a new project that will require an initial investment of $4 million. It has a target capital structure of 35% debt 25 preferred stock, and 63% common equity, Kuhn has noncallable bonds outstanding that mature in five years with a face value of $1.000, an annual coupon rate of 10%, and a market price of $1,050.76. The yield on the company's current bonds is a good approximation of the yield on any new bonds that it issues. The company can sell shares of preferred stock that pay an annual dividend of $8 at a price of $92.25 per share. Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to help fundit common stock is currently selling for $33.35 per share, and it is expected to pay a dividend of $2.78 at the end of next year. Floration cost represent 8% of the funds raised by issuing new common stock. The company is projected to grow at a constant rate of 8.7, and they facetax rate of 25%. What will be the WACC for this project? (Note: Round your intermediate calculations to two decimal places) SMILLIONS