4. Wayne Corporation wants to invest in a project worth $1,000,000. To maintain the capital structure of the company, the company plans to finance the project using 20% of the investment from Preferred Stock, 20% using bond issue, and the remaining using common stock issue. The tax rate is 25%. The current price of the company's 10-year bond is $985.50. The bond has a face value of $1,000. The coupon rate of the bond is 10% semiannual. The preferred stock of the company has a par value of $10 per share and is currently selling for $18. It pays a dividend of $1.2. The common stock of the company is currently selling for $45 per share. It is expecting to pay $4 dividend per share in the coming year, and are expecting to grow at a rate of 5% constantly per year forever