2. Consider the following details for a project of Al-Shams Limited from the following table and answer the questions: Capital Component Weight in % Cost Debt 40% 9% Preferred Stock 30% 11% Retained Earning 30% 6% a. Calculate the Weighted Average Cost of Capital (WACC). b. Compare the calculated WACC with internal rate of return (IRR), 9.5 % from the same project and decide the company will accept or reject the project