(1) Use the following information to calculate the value of a business that your fimm is considering acquiring. Year 1 2 3 4 Cash flows 2ms 2ms 2ms 3ms WACC 15% Growth 3% after 3ys Q2) Consider a firm with S8 million in outstanding bonds, $15 million worth of outstanding common stock, and S5 million worth of outstanding preferred stock. Assume the firm's beta is 2, Treasury bills currently yield is 5%, the long-run market risk premium is 10%, the preferred stock is $50, and the dividend payment is $2 per share. If the required return of debt is 7% and corporate tax rate is 35%, what is weighted average cost of capital of this company? Q3) The XYZ company established in 2019 and decide to payout dividends. How should the managers set to payout dividends if it considers the company's business cycle stages? Q4) Suppose the company of Amazon decides to payout dividends. When is the best time to pay out dividend and share repurchase? Year Capital gain tax Dividend tax 2017-2018 20% 30% 2018-2019 30% 20% 2019-2020 25% 25% Inited States 1