1.Burnwood Tech plans to issue some $50 par preferred stock with a 6% dividend. A similar stock is selling on the market for $60. Burnwood must pay flotation costs of 5% of the issue price. What is the cost of the preferred stock? Round your answer to two decimal places.

2.Summerdahl Resort's common stock is currently trading at $25 a share. The stock is expected to pay a dividend of $1.50 a share at the end of the year (D1= $1.50), and the dividend is expected to grow at a constant rate of 5% a year. What is the cost of common equity? Round your answer to two decimal places.

3.Summerdahl Resort's common stock is currently trading at $25 a share. The stock is expected to pay a dividend of $1.50 a share at the end of the year (D1= $1.50), and the dividend is expected to grow at a constant rate of 5% a year. What is the cost of common equity? Round your answer to two decimal places.

4.Booher Book Stores has a beta of 0.6. The yield on a 3-month T-bill is 5% and the yield on a 10-year T-bond is 6%. The market risk premium is 5.5%, and the return on an average stock in the market last year was 15%. What is the estimated cost of common equity using the CAPM? Round your answer to two decimal places.

5.Shi Import-Export's balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shi's tax rate is 25%, rd= 7%, rps= 8.3%, and rs= 10%. If Shi has a target capital structure of 30% debt, 5% preferred stock, and 65% common stock, what is its WACC? Round your answer to two decimal places.